Several large construction projects within the town have recently been permitted, the most recent being 2 Forge Parkway, within Forge Park. Approvals for this location were granted for the construction of a 10,000 s/f physical therapy and rehabilitation services office for Milford Regional Rehabilitation Center, which is currently located in a rented office space elsewhere in the town. The new medical center will be located across Rte.140 from the new U.S. headquarters building for Hamilton Storage Technologies at 3 Forge Parkway, which consists of a 51,000 s/f light manufacturing facility. Hamilton's facility was permitted and received a Tax Increment Finance Agreement with the town during 2011 and is under construction.
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 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