Shawmut Operational Leaders Share a Year in Review and 2024 Outlook

Two Shawmut operational leaders contributed to New England Real Estate Journal and New York Real Estate Journal’s Year in Review spotlights. From their 2023 accomplishments to their key insights into emerging trends for 2024, read what our Shawmut team members said below.

Mike Kearns, Vice President of Construction Operations in New England

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023?

We’ve begun a new design-build project spanning a corporate campus. Collectively, it includes the demolition of an existing 144,000 s/f office-lab building, the construction of a new 300,000 s/f flagship office-lab and R&D building, as well as a new four-story, 930-space parking garage.

What emerging trends will drive investment and development in 2024?

The education sector will remain robust. We will see a strong focus on sustainability and energy projects, such as geothermal initiatives, campus decarbonization, electrification, and net-zero ready renovations and new construction. We will also see higher education institutions explore the development of residence halls led by developers to expand housing.

Read Mike’s full Q&A here.

Jason Karp, Director of Preconstruction in New York

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023?

At St. John’s University’s St. Vincent Health Sciences Center, I’m proud of how our team embraced tech during preconstruction. We 3D modeled the target LEED Silver building including geothermal wells to refine our construction approach. The building will serve students training to be nurses, which is essential to our city.

What emerging trends will drive investment and development in 2024?

In 2024, I see a focus on technology to make smarter decisions during preconstruction. We can now visualize what a jobsite will look like at any point in the schedule. Our clients are recognizing the value and are using the 3D renderings for key stakeholder communication and community outreach.

Read Jason’s full Q&A here.