Shawmut Leaders Share a Year in Review and 2026 Outlook

Two Shawmut team members contributed to New York Real Estate Journal and New England Real Estate Journal’s Year in Review spotlights, reflecting on their 2025 accomplishments and sharing key insights into emerging trends for 2026. From a growing rise in large-scale hospitality projects to continued commitment to sustainability, read what our Shawmut team members anticipate in the coming year below.

What accomplishment, milestone, project or transaction stood out for you or your firm in 2025?

We are incredibly proud of our work with BSE and the continued renovation at the Barclays Center. In time for the Brooklyn Nets home opener, Shawmut and our trade partners delivered the Populous-designed Gallagher Terrace, a new premium club, as well as the Modelo Bridge, an upper concourse fan zone. These new spaces have transformed the west end of the arena as part of BSE’s five-year, more than $100 million plan to enhance the visitor experience.

What emerging trends or shifts will shape opportunities for you, your firm, or market sector in 2026?

The hospitality sector remains strong in the New York market, with up to 15% of the current hotel room stock in process of renovation or in planning for 2026 and 2027. Shawmut’s large project division has a backlog of major hotel renovations, including luxury brand redevelopments.

Read Charlie’s Q&A in New York Real Estate Journal here.

What accomplishment or milestone stood out for you or your firm in 2025? 

We advanced innovative, impactful projects – from commercial and education to life science and historic preservation. Our team made progress on FM’s new Norwood campus, anchored by a 325,000 s/f R&D facility. We continued Harvard University’s sustainability-focused redevelopment at 175 N. Harvard St., including the mass timber American Repertory Theater and 100 South Campus Dr., a 14-story housing complex. And we completed the renovation of the Omni Parker House, Boston’s oldest hotel. These projects reflect the high-value, community-centered work we’re delivering across the region.

As you look ahead to 2026, which emerging trends or shifts will shape opportunities for you, your firm, or your market sector? 

Looking ahead to 2026, I see the New England market gradually regaining momentum as owners thoughtfully evaluate projects that prioritize performance, efficiency, and mission-critical spaces. Sustainability – especially geothermal, electrification, and high-efficiency systems – will continue to be a priority. While conditions remain selective, these trends point to a steady pace of activity and sustained investment in projects that deliver long-term value.

Read Michael’s Q&A in New England Real Estate Journal here.