News: Construction Design & Engineering

Tishman completes renovation/restoration of 121 year old Ames Building for Morgan Hotel Group

Tishman Construction Corp. of Massachusetts (TCC-MA) recently completed the renovation and restoration of the Ames Building, transforming it into the Ames, a 114-room boutique hotel incorporating high design and operated by Morgans Hotel Group. Ames is located at One Court St., off Washington Mall in the downtown Financial District, near Faneuil Hall and Quincy Market. Constructed in 1889, the 14-story Ames Building was the city's first skyscraper. The masonry load-bearing building is the second-tallest masonry building in the country. It was designed by Shepley Rutan & Coolidge in the Richardsonian Romanesque style, so named for famed architect H.H. Richardson, who gave his buildings fanciful details and a distinctive roofline overhang. The building was added to the National Register of Historic Places in 1974. After a succession of owners, the building was purchased for $17.7 million by Normandy Real Estate Partners and Morgans Hotel Group in 2007, redesigned by the Rockwell Group in collaboration with Morgans' in-house design team, and thoroughly repaired, renovated and upgraded by construction manager, Tishman Construction. To preserve this building and transform it into a contemporary hotel, Tishman met a series of challenges in collaboration with the architects on the project. These challenges consisted of preserving and restoring aspects of the interiors, including ornate period details, façade restoration, structural and mechanical upgrades, and meeting the client's accelerated timetable. "Teamwork and creative collaboration were the keys to completing this fast-paced project, in which we preserved the integrity of the building while creating gracious hospitality space," said Tom Erickson, senior vice president of TCC-MA. The $40 million renovation to the building were based on designs provided by Cambridge Seven Associates with oversight by Walsh Co. LLC.
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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