News: Construction Design & Engineering

Union Studio Architects wins Urban Design Award from AIA/RI: Waterfront master plan for Newburyport, Mass.

The American Institute of Architects' Rhode Island Chapter recently named their 2013 Design Awards. Union Studio received a Merit Award in the Urban Planning / Urban Design category for their design of the Newburyport Waterfront Master Plan. The plan was completed for the Newburyport Redevelopment Authority (NRA), who owns 4.2 acres of waterfront land surrounding a public park in the town's downtown commercial district. The NRA, with assistance from MassDevelopment (the Commonwealth of Massachusetts' finance and economic development authority), hired Union Studio to help lead the community to a vision for the property,which would be the basis for a "Request for Proposal" for development of he vacant land. Ultimately, the solution needed to balance viable econoc development opportunity with the public's enjoyment of this special waterfront open space. "After working very hard to lead a polarized and passionate community to a common and compelling vision for the future of their cherished waterfront, it means a great deal to have the master plan design and the public process we employed recognized by our peers," said Union Studion principal, Donald Powers. fig the right amount and types of commercial activity, while retaining - and actually improving - the park and boardwalk that is unique to the Newburyport waterfront. We're delighted that the jury saw the value in our proposed plan." open space. ng lot and weaves the site into the town's urban fabric
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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