News: Owners Developers & Managers

Project of the Month: Advantage Construction, Inc. and John D. Murphy Company breaks ground on 20,000 s/f retail development

Advantage Construction, Inc. recently broke ground on a 20,000 s/f retail development located on Rte. One. This is the second project that Advantage Construction is providing construction management services on for the J.D. Murphy Company. The center is located directly across the street from the newly expanded Walmart store and has tremendous visibility. The center is being developed on a speculative basis but it will benefit from the convenient location. The building, designed by W.A. McKinnon Associates located in Weymouth, Mass., was designed to offer flexible spaces for a variety of different retailers including a possible restaurant. Advantage Construction, located in Brockton, Mass., is a construction management firm which primarily focuses on industrial, retail and automotive dealerships throughout New England. Project Team: General Contractor: Advantage Construction, Inc. Flatwork: RYKOR Financing: Walpole Co-Operative Bank Plumbing: Tunney Plumbing & Heathing Co. Inc. HVAC: Cotti-Johnson HVAC, Inc. Concrete Material: Southern Redi-Mix Fire Systems: New England Fire Systems, Inc. Broker: Wluka Real Estate Co.
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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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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
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