News: Spotlights

VinCo Properties develops mixed-use project at Chestnut Green

It has been over a century - 117 years in fact - since the original three landmark buildings at the former Foxboro State Hospital were commissioned. Built of red brick and featuring striking architectural details, the original "cottages" set a tone for what would eventually become a sprawling campus at the end of Chestnut St. Thanks to the painstaking efforts of VinCo Properties, those buildings, now restored to mint condition, remain part of the local landscape. Vince O'Neill developed The Offices at Chestnut Green and The Shops at Chestnut Green as part of a mixed-use master plan. O'Neill teamed with co-developer Matthew Abrams, president of Abrams Properties on the Chestnut Green Apartments. Rolling green lawns and stately architecture have turned back the calendar a half-century or more, to a time when the hospital campus was characterized by its immaculate grounds - a reflection of values embodied in design, construction and meticulous maintenance. Keeping faith in his vision for the iconic site amid a recessionary business cycle, it is hard not to appreciate what developer Vince O'Neill has accomplished. Refusing to be handcuffed by conventional wisdom, VinCo Properties committed to a development plan that revitalized this unique and timeless historical landmark. Set amongst beautifully restored Queen Anne Victorian architecture and one hundred year old oak, maple and beech trees, the 93-acre Chestnut Green campus provides all the conveniences of urban living in an idyllic suburban setting. Situated just one mile from Gillette Stadium, the once abandoned site features 100,000 s/f of Class A office space, 55,000 s/f of open-air retail shops, 55 residential housing units and 40 acres of community playing fields and walking trails. VinCo Properties is a development firm with great vision and the ability to bring together a team that can build, repair and refurbish buildings that meet the needs of today's corporate objectives. Sometimes that means preserving treasures from the past, making them workable and practical in the present. Sometimes it means creating community where none existed. Sometimes it means blending objectives, and creating a new synergy bigger and better than the sum of its parts. While Chestnut Green is still a work in progress, VinCo Properties is very proud of what it has accomplished thus far, and takes great satisfaction in helping preserve the legacy of this venerable campus for future generations - maybe even for another 117 years. The leasing team for the Shops at Chestnut Green were Dusty and Bobby Burke of American Commercial Real Estate. Working closely with developer Vince O'Neill and project manager Dave Crocini, Dusty and Bobby identified and invited a broad range of attractive retail shops and restaurants to explore growing their businesses at Chestnut Green. Because of the site's unique mixed-use community with its blend of municipal services, offices, historic architecture, residential units and recreational opportunities, the Shops at Chestnut Green were 100% pre-leased prior to completion. Businesses at Chestnut Green serve the local and larger community with outstanding service, high quality, and well managed uses including casual dining and quick service restaurants, nightly entertainment, pharmacy, banking and financial services, home improvement, early childhood education and care, physical fitness, gifts, dry cleaning and spa services. Photos by Eric Gould - Helicon Design
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