It’s no surprise that the Boston metro is driving New England’s construction market right now. With low vacancy rates downtown (10.8%) in 2Q 2012, big-time redevelopment along its historic wharves and sizeable biotech projects underway across the ...
It’s no surprise that the Boston metro is driving New England’s construction market right now. With low vacancy rates downtown (10.8%) in 2Q 2012, big-time redevelopment along its historic wharves and sizeable biotech projects underway across the Charles River in Cambridge, Mass., the Hub City is showing some solid post-recession growth. McGraw-Hill Construction says Novartis’ $196.1 million R&D expansion project and Biogen’s $112.5 million project s in Cambridge, Mass., and a $126.6 million, 120-unit residential tower in Boston top the 2012 project list. Further west down the Mass. Pike, Penn National Gaming Inc. has announced plans to build an $800 million casino resort along 13 acres in Springfield, Mass. According to a report at www.worldconstructionnetwork.com, the proposed project will include would feature 3,000-3,500 slot machines, 80-100 live table games, a 20-30 table poker room and a 300-500 guestroom hotel with a spa.
