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Connolly and Partners named developer of $60m Court Sq. redevelopment project

Springfield, MA According to the Springfield Redevelopment Authority in cooperation with the city and the Springfield Finance Control Board, Connolly and Partners has been named preferred developer for the Court Sq. redevelopment opportunity. The project will redevelop 13-31 Elm St., 3-7 Elm St. and other ancillary properties. Seven development teams initially submitted proposals, and based upon qualifications, background, and similar experience, Connolly emerged as the preferred developer.
Connolly and ...

RiverOak and RMS Const. form joint venture for $15.4m development

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Norwalk, CT RiverOak Investment Corp., LLC, a private real estate investment fund, has formed a joint venture with RMS Construction to develop Waterview East, a 36-unit condominium project with two commercial condominium units located at 142-44 East Ave.

The 2.53-acre rectangular site enjoys 400 feet of river frontage on the Norwalk River. Total land acquisition and construction costs are approximately $15.4 million, with a projected sell-out price over 24 months of $22.5 million.

The sponsor is a ...

Jonathan Rose Co. breaks ground on $20m Metro Green Apartments

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Stamford, CT Jonathan Rose Companies, LLC, a green real estate development, planning, consulting and investment firm, broke ground June 3rd on Metro Green Apartments, 50 units of green affordable housing, situated on Henry St. between Atlantic St. and Washington Blvd. Metro Green Apartments is the first phase of Metro Green Residential, a candidate for LEED New Construction and Neighborhood Development certification that includes 238 mixed-income rental and for-sale residences on a mixed-use, Transit ...

TRB Development Group selected to construct a $2 million CVS/Pharmacy

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Danvers, MA TRB Development Group, Inc., has been selected by Endicott Plaza Limited Partnership to demolish the building formerly known as Spuds Restaurant at 139 Endicott St., and construct a new, 15,000 s/f CVS/Pharmacy at the same location. The estimated construction cost for this project is $2 million. The construction of this project has begun.
The new CVS Pharmacy will feature two drive-thru windows, masonry veneer, and will be situated less than a quarter mile from Rte. 128, at exit 24 north. ...

Purtel of Grubb & Ellis named chairman and chief elected officer of BOMA International at the 2008 BOMA Conference Boston, MA Richard Purtell, RPA, portfolio manager, Grubb & Ellis Management Services, Inc., BOMA/Greater Cincinnati, has been named chairman and chief elected officer of the Building Owners and Managers Association (BOMA) International. Purtell was sworn in at the 2008 BOMA International Conference and The Office Building Show in Denver. His term runs through June 2009.
Purtell joined Triple Net Properties in the fall of 2006. Following the merger of NNN Realty Advisors, the parent company of ...

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