News: Construction Design & Engineering

Vantage Builders completes 37,000 s/f Altiostar headquarters build-out

Vantage Builders, Inc. completed a $1.1 million corporate headquarters build-out for Altiostar at 200 Ames Pond Dr., in the Ames Park Corporate Center. The new 37,000 s/f location features both office and laboratory space and is an expansion from the startup's previous headquarters at nearby 100 Ames Pond Dr. The additional space was required to support the company's recent growth. "Altiostar is a fast-growing, exciting startup and we were pleased to help build out the new corporate headquarters," said John Connor, principal at Vantage Bldrs. "We completed the project on time and on budget, which was critical given the aggressive 12-week schedule." The space features four conference rooms, a large customer demonstration room, a boardroom and a video conference room, to support Altiostar's busy work environment. A 3,000 s/f technical laboratory area houses the company's computer and networking gear. Altiostar was able to utilize some of the existing offices, cubicles and furniture from the previous tenant, which enabled the company to allocate those funds towards operations, the lab area and the boardroom. The office has custom finishes throughout, including paint, flooring and millwork, as well as new lighting. An 825 s/f café provides employees with a break area. The facility's mechanical, electrical and plumbing systems were upgraded. The project team included architects ADD Inc, a division of Stantec, project managers Diversified Project Management, and engineering services from WB Engineers+Consultants. The building is owned by Tritower Financial Group 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