News: Front Section

Vantage Builders completes office renovation for Welltok

Burlington, MA Vantage Builders, Inc. completed a 5,000 s/f office renovation for Welltok, Inc. at 67 South Bedford St. 

Welltok tripled its presence in the building to enable the consolidation of its two Boston area offices, after the company acquired three companies last year.  The Denver-based startup helps health plans and other population health managers to guide and incentivize consumers to optimize their health. 

 “After Welltok’s significant growth over the past two years, we understood that we needed to bring our Boston area team members together in a single location, in order to improve collaboration and efficiency,” said Jeb Evans, vice president of procurement and real estate for Welltok.  “The only obstacle we faced was a very short turnaround on the office availability.  We appreciate Vantage Builders’ hard work, positive attitude and their commitment to completing the work on such an aggressive schedule, helping to us avoid additional expense.”

Welltok initially occupied one suite on the third floor of 67 South Bedford St., and then leased two additional suites when they became available.  The company needed to move quickly to vacate its previous location before the lease expired, or incur having to pay time-and-a-half rent.  An initial seven to eight-week project timeline was condensed into four weeks to meet the time crunch. 

Following plans from Margulies Perruzzi Architects, Vantage performed selective internal demolition on the space to prepare it for the fitout.

The Davis Companies owns 67 South Bedford St. The project team included RPB Office Furniture. 

The project included the creation of new workspaces and conference areas that will enable Welltok’s employees to better collaborate on the company’s mission to “transform the nation’s healthcare system from one of sickcare to optimized health.” 

The office utilizes Ideapaint, a whiteboard paint that transforms walls into a dry-erase writing surface that is ideal for idea sharing and brainstorming.  Employee workstations have sit-to-stand desking/benching units that allow for end-user height adjustments, as well as dual monitors on articulating arms. 

By utilizing a design-build approach on the building systems, Vantage completed the electrical, HVAC, plumbing and fire protection work.  Finally, the project involved the installation of drywall, ceiling work and new carpeting and paint. 

“Any time there is a short project timeline, communication and teamwork become even more critical,” said John Connor, principal, Vantage Builders.  “This was a great team effort among Vantage, Welltok, our subs and also Tyler Ewing at Newmark Grubb Knight Frank, who brokered the lease, and Leah Gesler of the Catalyst Planning Group, who acted as the owner’s property manager.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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