Category: Spotlight Content

With the current booming economic conditions, I believe 2019 will be another successful growth year.  ???????However, we will be planning for the inevitable slow down of the economy that may occur in the upcoming years.

I expect that we will see more boutique type shops and  more specialty shops coming to the city.   I think there will be a transformation from standard retail to more adventure and experience-related retail.  People are now looking for unique gifts and different things to do.

Working on a variety of complicated projects with great clients and staff and helping to grow our business in our Massachusetts office.

I am cautiously optimistic about the mid-term prognosis for commercial real estate finance. The Mortgage Bankers Association expects CRE and multifamily mortgage originations to level out over the next few years, “at record or near record levels.” If the market is indeed peaking, the good news is that lenders are applying more diligence to their underwriting

Site design and permitting of the first Topgolf facility in New England including a unanimous town meeting approval for rezoning.

Some of my predictions for 2019 include the following:  Strong job growth and reasonably low vacancy rates should continue into 2019 which will create a positive atmosphere for commercial, residential and industrial properties through 2020. 

We’re seeing great progress within City Centre Warwick, a transit-oriented development near Green International Airport. Hyatt Place, a $25 million project, opened this summer. Iron Works Tavern was purchased for $10 million by Newport Harbor Group. A NYC-based company bought the Hilton Garden Inn. Its prior owner has plans to develop a Home 2 Suites adjacent to the property

In 2019 the market will be soft with a 5-10% decrease in sales and leases.

We assisting the MBTA with the Green Line Extension (GLX) project. It has been an amazing experience working on this multi-faceted, important project. Our environmental team looks forward to continued success of GLX in the future.

Marching toward completion on Brio, our luxury condominium project in the Hingham Shipyard.

Building on the second half of 2018, I believe in 2019 we will see a steady growth of life science (biotechnology/pharmaceutical) companies moving their operations to locations outside the city centers to welcoming towns on the outskirts of the city (Norwood, Burlington, Waltham, Andover) taking advantage of the structures left from a bygone era.

My most memorable project in 2018 involved obtaining the approvals for the Farm Pond Framingham Housing project. The project consists of 210 apartments. The approvals included zoning board of appeals’ variances and special permits, as well as planning board special permits and site plan review. The housing project is presently under construction.