News: Brokerage

Integrated Bldrs. reaches mid-point construction of Shops at Quonset Point

Integrated Builders, a construction management, design-build and general contracting firm, has reached the mid-construction point of the first phase of the retail and office development of The Shops at Quonset Point. As part of an $80 million master development plan, The Shops at Quonset Point is being developed by New Boston Fund. The first phase of the project consists of 200,000 s/f of space that includes 160,000 s/f of retail and 40,000 s/f of office space. Integrated Builders is working on the completion of the 75,000 s/f outside air center, which includes a shell for a 25,000 s/f Dave's grocery store. The entire development, when completed, is expected to have a limited service hotel, a visitor's center, local grocer, drug store, coffee shop, restaurants, a bank, small shops, and two anchor stores. The design incorporates innovative sustainable elements such as use of recycled materials, and other sustainable green strategies. "The project started in spring this year and is scheduled to be completed in spring 2009," said Jay Dacey, president of Integrated Builders. "We're very pleased to be working for this exciting project that is being developed by one of the country's top real estate investment and development firms. We're looking forward to completing this project on time." Architect for the project is Boston-based Bergmeyer Associates, Inc. Other members of the project team include: *Civil Engineer: Vanasse Hangen Brustlin, Inc. of Providence; *Structural Engineer: ODEH Engineers, Inc. of North Providence; and MEP Engineer: AHA Consulting Engineers, Inc. of Lexington, Mass.
MORE FROM Brokerage

Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

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.
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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.