Bierbrier receives first core and shell LEED certified retail building in Massachusetts
According to Bierbrier Development Inc., its recently expanded Arlington Village Shops has become the first core and shell LEED-certified retail building in Massachusetts.
"We're also proud of the fact that our application was the second in the entire U.S. for the core and shell LEED certification for a retail property, awarded for high performance green buildings by the U.S. Green Building Council," said Len Bierbrier, president of Bierbrier Development. "At Bierbrier Development, we're fully committed to being on the cutting edge of green development and proud to have been a 'first mover' at this inflection point in shopping center development industry."
Arlington Village Shops is a 25,000 s/f urban retail center, with 9,000 s/f addition designed by Prellwitz Chilinski Associates, a Cambridge-based architectural firm. The new building is 26% more energy efficient and will use 40% less water. In addition, 82% of all construction debris was diverted from landfill and 20% of the building's materials by cost were made from recycled content. Also, all interior materials used in the building were low Volatile Organic Compounds (VOC) emitting materials.
Major tenants at the shopping center include Unleashed by PETCO, Panera Bread, and The Meat House.
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.