KBE Building Corp. breaks ground for $17 million renovation project
Jordan's Furniture in New Haven will undergo a $17 million renovation led by construction manager KBE Building Corp., which broke ground on May 6.
The 193,000 s/f project, designed by architect BL Companies, encompasses the following scope:
* Renovation of existing building (two stories and mezzanines)
* New entrance feature, signage feature, and canopy
* New exterior doors and interior partitions
* New single story detached pump house totaling approximately 514 s/f
* Roof patching
* Exterior site work including demolition of pavement; sidewalks and tree removal; utility coordination; new paving; plantings; concrete and brick paving; storm and sanitary drainage including infiltration system; off-site water line
The project is scheduled for completion in late fall.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.