News: Finance

Jewett Construction Co. begins work on 1,800 s/f Sugar River Bank in Sunapee, NH

Sunapee, NH Construction is underway at Sugar River Bank. The 1,800 s/f renovation project is being managed by Raymond, NH based Jewett Construction Co. in partnership with the NES Group. This is the first Jewett project in this New England town which is home to Lake Sunapee.

This is not, however, the first bank that Jewett has constructed during a 45 year history in the industry. According to president Craig Jewett, “We’ve had the opportunity to build dozens of financial institutions over the years. It’s fantastic that even as modern banking evolves and changes, community lenders are still finding creative ways to maintain a need for brick and mortar banks and credit unions.”

Sugar River Bank has been offering citizens of New Hampshire the same local and personalized service since 1895. A true “hometown community bank,” Sugar River first opened their doors in Newport, NH and have grown to six locations, offering service to their customers.

The local branch’s renovations are designed to meet the expectations of banking in the 21st Century. Along with a complete cosmetic makeover including drywall, flooring and millwork. The building will be updated to meet codes, increase energy efficiency and improve the customer experience. This fast-paced project will be completed in time for the summer tourist season and is underway while the bank remains fully operational. 

Jewett is a family-owned design-build and construction management firm specializing in commercial projects throughout New England. In addition to Sugar River Bank, Jewett has completed work for Kennebunk Savings, Northeast Credit Union, St. Mary’s Bank, Lowell Five and more.

Tags: Finance
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.