News: Rhode Island

Vision 3 Archts. designs 38,736 s/f, $7.5m Child and Family facility

On March 21st, Child and Family, a private non-profit organization offering social service programs to the community in Newport County, broke ground on their new headquarters facility on John Clarke Rd. The 38,736 s/f, $7.5 million facility will consolidate Child and Family's multiple facilities into a single location. Designed by Vision 3 Architects of Providence, the building will accommodate a state of the art child care for 100 children, community meeting spaces, counseling offices, and administrative offices on two floors. The builder is EW Burman General Contractors of Warwick. The Child and Family facility will become the first building constructed in Rhode Island to utilize National Grid's "Advanced Building Systems" program, and will be classified as a High Performance Building by exceeding all required energy code standards. The facility was designed to reduce energy consumption by 30% and will become eligible for National Grid's energy use rebates under "Advanced Building Systems". Under the program, National Grid offers significant monetary rebates for the incremental construction costs associated with the implementation of energy savings systems designed into the building. The building design integrates many sustainable and energy efficient features to optimize; health and indoor quality, thermal, visual and acoustic comfort, security, safety and energy efficiency Vision 3 Architects is a 35-person architectural and interior design firm located in Providence, RI that offers creative design solutions to corporate office, education, and hospitality clients.
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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