News: Owners Developers & Managers

The Architectural Team earns recognition for three projects

The Architectural Team, an architectural design and master planning firm, recently earned recognition for three of its multi-family residential projects. The developments represent the firm's areas of specialty: adaptive reuse, historic preservation, sustainable design, urban renewal and affordable housing. A portfolio selected as a finalist in Affordable Housing Finance magazine's Reader's Choice Awards includes three of the firm's conversion/preservation designs. Entered for consideration by the Boston-based non-profit Preservation of Affordable Housing (POAH), the Boston/Cape Cod/Hudson portfolio includes The Architectural Team's Franklin Sq. House, Kenmore Abbey, and Blackstone Apartments. Readers selected the portfolio as one of 34 finalists from 140 entries. In addition to the affordable housing facet of the projects, both Franklin Sq. and Kenmore Abbey are historically significant buildings that The Architectural Team's designers first preserved and converted to new uses more than 30 years ago. The conversion to housing units marks the second generation adaptation of these projects Blackstone is also unique in that it stands as an example of transit-oriented urban development, made possible by the project's location -- in the heart of the Mass. General Hospital area, near downtown and surrounded by bus and train access -- and The Architectural Team's conversion of the structure to a multi-family residence.
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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
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

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
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