News: Owners Developers & Managers

Commodore Builders hosts topping off ceremony at 275 Wyman Street - developed by Hobbs Brook Management, LLC and designed by Margulies Perruzzi Architects

Commodore Builders recently hosted a topping off celebration for a new 321,000 s/f, five-story, class-A office building at 275 Wyman St., located within Hobbs Brook Office Park. The property is being developed by Hobbs Brook Management, LLC and designed by Margulies Perruzzi Architects. With over 150 attendees present, the final beam, painted white and signed by all project teams, was placed by crane on the pinnacle of the structure. Following tradition, a small evergreen tree was attached to the beam along with an American flag, symbolizing the continuing development of the project and wishing the building "good luck." Opening remarks were made by Joe Albanese, founder of Commodore Builders, and Jeannette McCarthy, mayor of Waltham. Albanese shared his family's story, as immigrants from Sicily to Waltham, and "the pride that comes from knowing that family descendants and Commodore continue to build the future for the City of Waltham." Additionally, representatives of Hobbs Brook Management, Margulies Perruzzi Architects, and AHA Consulting Engineers gave ceremonial comments and recognition to those who were influential throughout the development process. With completion slated for June 2015, the new building will include steel construction, large floor plates, an on-site conference center, covered parking, and a fitness center. The exterior will feature curtain wall glass, terracotta rain screen, and decorative metal panels, contributing to the building's green design and making it a top candidate to receive LEED Silver certification. Additionally, tenants of the building will have access to a 1,030-vehicle parking garage, which will be connected to the main office building by a raised 40,000 s/f plaza.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant