News: Connecticut

The Congress Companies selected to build 62,500 s/f building

Congress Building Corp. has been selected by repeat client, LCB Senior Living, LLC, to provide construction management services and serve as the general contractor for The Residence at Brookside, a senior housing community being developed. Situated on a three-acre site, the new 62,500 s/f building located at 117 Simsbury Rd., will include 74 assisted living, independent living and Reflections Memory Care apartments. The site will be fully landscaped and will include a park for public use along Simsbury Rd. Designed in a traditional New England style with Connecticut Brownstone elements, the community will feature comfortable lounges, libraries, a walking courtyard, full-service restaurant and other signature high standard amenities designed to keep residents active and engaged. Independent living apartments will have kitchenettes and private baths and residents will enjoy 24-hour security, three gourmet meals a day prepared and served restaurant style, available laundry and cleaning services, a full activities program and a variety of optional services. Residents in the assisted living area will enjoy all of the above-mentioned amenities and services as well as assistance with activities of daily living including bathing and dressing, medication reminders and other services as needed. The Reflections Memory Care program at The Residence at Brookside will engage residents with early stage Alzheimer's disease and other memory impairments in meaningful, therapeutic activities focused on their strengths and capabilities. Reflections offers specialized cognitive programming in a separate, secure environment with its own common areas, courtyard and other amenities. The Residence at Brookside is scheduled for completion in early 2015.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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<br> the First Annual Project of the Year Award! Vote today!

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

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 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