News: Owners Developers & Managers

Methuen Construction Company, Inc., Summit Metal Fabricating and Methuen Construction Facility Services breaks ground on $8 million new facility

Methuen Construction Company, Inc., Summit Metal Fabricating and Methuen Construction Facility Services are moving from Salem, NH to a 178,000 s/f facility on 35 acres in the late spring of 2016. Methuen held a ground breaking ceremony in July. As part of the planned move, they will be demolishing part of the existing structure. The existing building is 170,000 s/f, they will demolish 20,000 s/f and add back another 30,000 s/f for a grand total of 180,000 s/f. Expected renovation cost is $8 million All new heating, ventilation, air conditioning, electrical, paving, landscaping, fire protection and gas lines are part of the renovations and new construction. Summit Metal Fabricators will greatly benefit from the added shop space and overhead cranes. This will allow for additional fabrication services such as large modular fabrications, process skid fabrication & assembly, pre-fabricated pipe racks, pedestrian walkways and more.
MORE FROM Owners Developers & Managers

Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
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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
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
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