Hartford mayor Eddie Perez held a press conference on Constitution Plaza recently, to announce plans for an impending Technology Center to replace the former WFSB Broadcast Center. Designed by Tecton Architects, Inc. for owner/developer AI Engineers, the 12-story $40 million glass, metal and concrete tower will provide the complement needed to balance the plaza's southeast corner with the architecture of the Phoenix Mutual and Science Center buildings. Designed to attract technology-related businesses to the city's downtown, the AI Tech Center will bring a long-missing "people presence" to the corner of Columbus Blvd. and State St.
Building plans call for ten floors of office space and two floors of retail space with parking below, and will include a 250-seat auditorium. The progressive AI Tech Center is designed as a high performance building and includes such energy-conservation features as rooftop solar panels, a rooftop garden and a system for collecting and recycling rainwater among the building components in the quest to achieve a LEED Platinum rating.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary