Wentworth Institute of Technology has broken ground on the First-Year Tower, an 18-story, 240,450-square-foot residence hall that will house 972 students and bring the Boston university’s entire first-year residential class together in a single building for the first time. The $200-million project is the largest capital undertaking in Wentworth’s history.
Designed to meet Passive House standards and fully electrified, it will be among the first residence halls of its kind in Massachusetts. The building is scheduled to open to residents in August 2028.
“We deliberately made the decision to dedicate this building to our first-year students,” said Wentworth president Mark A. Thompson. “The first year sets everything in motion. It is a transformational time when students find themselves, discover what they are capable of, and start to see what is possible for the future. Everything that follows, from co-ops to capstones to earning a degree, grows out of what happens in that first year.”
Clarion Partners, Vermilion Development, and Quartz Lake Capital recently hosted an official ribbon-cutting event with the residents, elected officials, distinguished guests, and project team at the newly opened multifamily community, The Duncan, at 1625 Lock Lane in Madison, Wisconsin. Located on approximately 8.2 acres along Madison’s Isthmus, the 309-unit property offers lakeside living with proximity...
Learn more
Dakota Pointe, a 143-unit multifamily property in the south end of South Sioux City, Nebraska, sold for $15.3 million, or approximately $107,000 per unit. Greysteel represented the seller. Both the buyer and the seller are private investors based in South Dakota. The property drew multiple offers, and the closing structure met the seller’s timing requirements...
Learn more
Los Angeles-based Decron Properties has made its first acquisition in nearly two years, paying $114 million for an apartment complex along LA’s Miracle Mile. Decron bought 5550 Wilshire Blvd., a 163-unit complex, from Boston-based GID, which acquired the property in 2023, LA Business First reported. JLL’s Blake Rogers represented the seller and buyer. Developed in...
Learn moreRe/Max Real Estate Professionals | New York
Central CA Commercial | California
Recckio Real Estate & Development
Avison Young - CA - ON - Greater Toronto
California
California