News: Construction Design & Engineering

The Procopio Companies closes on equity raise for 290-unit The Beck

Haverhill, MA The Procopio Companies (Procopio) completed the closing of their equity raise for The Beck, a mixed-use project. 

Boston Andes Capital, LLC (BAC), a private equity real estate investment firm, helped the Procopio team accomplish the most recent milestone of closing their equity raise for The Beck, in addition to closing their loan with Needham Bank. 

The Beck will be a five-story, 290-unit mixed-use multifamily development with over 6,000 s/f of retail space. The transit-oriented development, located adjacent to the Bradford Station along the MBTA Commuter Rail, will also include the construction of a new 1.4-acre public waterfront park with an amphitheater, playground, and splashpad and 1,700-foot-long riverwalk donated to the city. 

The Beck development aligns with the city’s sustainability goals, as the design utilizes local, sustainable materials, energy-efficient systems, reduced water usage, and offers multi-modal transit opportunities. Several LEED accredited professionals are supporting the project, with the goal of a LEED Silver Certification. 

A $1.95 million MassWorks grant has also been secured, and will implement roadway and traffic signal adjustments, providing additional safety measures for drivers, cyclists, and pedestrians. It will also shift utilities underground along Railroad Ave. 

Construction is already underway onsite, with a groundbreaking ceremony soon to be scheduled. Steel erection is scheduled for late this summer. The project has an estimated completion date of April 2025.

“Our goal with The Beck was to bring a hospitality-focused property to Haverhill, developing a transit oriented property that provides all the benefits of a downtown location, waterfront views, and luxury amenities. These resident amenities will be coupled with retail and a public waterfront park for the broader community and city of Haverhill,” said Bryan Vitale, vice president of strategy & investments. “As we continue with construction alongside our newest partners, we look forward to seeing this waterfront project take shape.” 

MORE FROM Construction Design & Engineering

Weston & Sampson earns award from ACEC for Arlington DPW job

Arlington, MA Weston & Sampson Engineers, Inc., has earned a National Recognition Award for exemplary engineering achievement in the American Council of Engineering Companies’ (ACEC) 58th annual Engineering Excellence Awards (EEA).
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Careers in Construction Month focus on training and safety - by Joe Camilo

Careers in Construction Month focus on training and safety - by Joe Camilo

October is Careers in Construction Month, and rarely has it been more consequential. According to our chapter’s national parent organization, the construction industry needs to attract half-a-million new workers in the coming year to meet demand. Addressing that need is a huge job, but we at ABC MA are trying to do our part.
The design-build advantage: Integrated interior design solutions - by Parker Snyder

The design-build advantage: Integrated interior design solutions - by Parker Snyder

When it comes to corporate interior spaces for both commercial and industrial projects, partnering with a design-build firm with in-house interior design services can offer clients many benefits. Unlike traditional delivery methods where interior designers operate independently from the design and construction teams, often creating a longer project timeline as cost negotiations and revisions ensue
The rise of incubators and co-working spaces: The latest in life sciences - by Matt Combs

The rise of incubators and co-working spaces: The latest in life sciences - by Matt Combs

In recent years, the life science industry has witnessed a shift in how companies operate and innovate. One of the key driving forces behind this transformation is the emergence of incubators and co-working spaces specifically tailored to meet the unique budget and schedule needs of startups.
Ask the Electrician: Is summer a prime time for commercial electrical maintenance?

Ask the Electrician: Is summer a prime time for commercial electrical maintenance?

The answer is “Yes!” While January marks the official new year, many businesses view September as a fresh start. This makes summer an ideal time for commercial property owners to schedule long-term electrical maintenance projects.