This is a Cinnamon applet, which lets you access your places and bookmarks through an icon in the cinnamon panel, as well as launch a terminal in those locations.

Left-clicking the item will open the corresponding folder for that item. Left-clicking the terminal icon next to that item will launch a terminal in that location.

Installation

1) Copy the folder "places-with-terminal@mtwebster" to "~/.local/share/cinnamon/applets/".

2) Enable the applet in cinnamon settings.

This is a heavily modified version of the applet 'places-bookmarks@dmo60.de' - I've merely added the ability to launch a terminal.