News:
Construction Design & Engineering
Posted: November 16, 2018
Spire Investments to transform former Knights of Columbus building into 18 condominium units
Salem, MA Spire Investments purchased 94 Washington Square East on Salem Common for $1.7 million, with plans to transform the former Knights of Columbus building into a $6 million 18-unit condo development.
“There was a lot of interest in this property,” said developer Jay Goldberg, Spire Investments owner and president. “After the first time walking through the property, I knew I wanted to purchase it. The character and uniqueness of this building is off the charts.”
The project team includes: Thomas Berube Contracting, Pitman & Wardley Assocs., The Morin-Cameron Group, McBrie, LLC and Institution for Savings.
The property, newly named The Breakaway at Salem Common, was originally built as a mansion in 1819 and then expanded in 1970 to include large function space.
Spire Investments will be adding a two-story addition in the rear of the property with parking and high-end finishes. It will feature one-, two-, and three-bedroom units as combinations of flats and townhomes ranging from 700 to 2,700 s/f.
The Breakaway at Salem Common is located directly across the street from Salem Common and is near the train, restaurants and shops.
The project will commence within the next month and is estimated to take around a year and half to complete.
“There exists very little new residential properties of this quality in the market in Salem like this,” said Goldberg. “It is its own oasis in the middle of everything.”
It features high ceilings, exposed brick and fireplaces, and is “oozing with many ornate details,” says Goldberg. “We are going to bring this property back to life and enjoy restoring it into glorious residential units.”
MORE FROM Construction Design & Engineering
Wayne J. Griffin Electric, Inc. completes electrical and telecom work on Deerfield Academy’s revamped dining hall
Deerfield, MA Wayne J. Griffin Electric, Inc. (Griffin Electric), a leading electrical contractor throughout New England and the Southeast for nearly five decades, recently finished an electrical renovation on a 62,000 s/f dining hall at Deerfield Academy.
 (1)-c.jpg)
Columns and Thought Leadership
Navigating tariffs and material uncertainty in today’s construction market - by Karl Ginand and Tiffany Gallo
As headlines around tariffs seem to dominate the news daily, many considering construction projects have anticipated major cost escalations and widespread supply issues. While tariffs haven’t driven pricing spikes to the extent once feared, the lasting impact has been a new layer of uncertainty, affecting more than just budgets.
ABC-Mass. chairman’s message: Rent control isn’t the answer to our housing crisis - by Luiza Mills
As you may know, Massachusetts voters will be weighing in on a number of ballot initiatives in November. Among them is a proposal to impose the nation’s strictest statewide rent control policy. I’d like to tell you why the ABC MA Board
It’s time to lead: Confronting mental health in construction - by David Watts
As we close Mental Health Awareness Month, we must be clear: May isn’t just about ribbons, hashtags, or lunchtime mindfulness apps. It’s about responsibility to confront hard truths that linger in silence, and to challenge ourselves, as leaders in our industry, to do more.
Greenwood Credit Union City Hall Plaza nears completion - by Frank Picozzi
After several years of planning, construction, and anticipation, the community is eagerly awaiting the opening of the Greenwood Credit Union City Hall Plaza and outdoor skating rink later this month.
