News: Connecticut
Posted: December 31, 2008
Tecton Architects designs new $40m tech center
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.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
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!
Investing in a falling rate environment - by Harrison Klein
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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins
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