News: Owners Developers & Managers

Redstone holds ribbon cutting for 144-unit Redstone Lofts at University of Vermont

Redstone recently held a ribbon cutting ceremony for the Redstone Lofts, an independent on-campus student apartment complex at the University of Vermont (UVM). The project is located between the Redstone Campus and the Gutterson athletic facilities. The project, which houses UVM juniors, seniors, and graduate students, consists of one building with two connected four and five story wings housing 144 studio, one, two, three and four bedroom apartments. The building features a variety of amenities including study rooms, theatre/media center, fitness facility, game room, and outdoor gathering space. Redstone Lofts is anticipating receipt of LEED-Silver certification from the U.S. Green Building Council. In the summer of 2010 UVM awarded Redstone with the opportunity to develop and manage the project on the UVM campus under a long-term ground lease. Construction began in April 2011 and was completed in July. UVM students began move-ins on August 1st. The Redstone Lofts project team and contributors are: Youkel Architecture, DEW Construction Corp., Krebs and Lansing Consulting Engineers, Inc., H. Keith Wagner Partnership, Pearson & Associates Electrical and Mechanical Engineers, Hardy Structural Engineering, LLC, Murphy Sullivan Kronk, People's United Bank, and the University of Vermont. Shown (from left) are: Larry Williams (Redstone), Susan Greenhalgh (UVM), Lisa Kingsbury, (UVM), Larry Bertrand (DEW), Linda Seavey (UVM), Don Wells (DEW), Alain Youkel (Youkel Architecture), Tom Gustafson (UVM), Doug Nedde (Redstone), Richard Cate (UVM), Joe Speidel (UVM), Kristin Fortin (DEW), Erin Calig (Redstone), Jeff Davis (DEW), E. Stacey Lax (Redstone)
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Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
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Columns and Thought Leadership
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