Home » Cities »  (Page 2)

Providence


Kettle Point Wins Key City Vote; Omni Group Plans $5M Federal Hill Office Project

Kettle Point Wins Key City Vote; Omni Group Plans $5M Federal Hill Office Project

The East Providence Waterfront Commission has unanimously approved a 407-unit, $75 million residential community planned for Kettle Point, the East Providence Patch reports. Before construction can start, three state agencies including the transportation, environmental management, and the Coastal Resources Management Council are scheduled to review the project.…

Continue reading →

Gaia Pays $55M for Two East Providence Multifamily Communities

Gaia Pays $55M for Two East Providence Multifamily Communities

Gaia Real Estate has purchased the Winchester Park and Winchester Wood multifamily communities in East Providence for $55 million or $115,000 per unit. …

Continue reading →

Providence Station on Track for $5.7M Renovation

Providence Station on Track for $5.7M Renovation

The Rhode Island Department of Transportation (RIDOT) is planning a $5.7 million makeover of the Providence railroad station. The facility serves over one million Amtrak and Massachusetts Bay Transportation Authority passengers every year. During a ceremony held at the facility on April 15th, Governor Lincoln D. Chafee and other State…

Continue reading →

High Rock Seeks Tax Credits for “Superman Building’s” M-F Makeover

High Rock Seeks Tax Credits for “Superman Building’s” M-F Makeover

High Rock Development of Newton, Mass. is planning to repurpose the 26-story Industrial Trust Tower in downtown Providence from office to residential rental space. According to The Associated Press, the owner of the 350,000-square-foot property intends to build up to 290 apartments on the upper floors, as well as retail…

Continue reading →

Omni, WinnDevelopment Wrap $21M West End M-F Rehab

Omni, WinnDevelopment Wrap $21M West End M-F Rehab

Rhode Island lawmakers have joined Omni Development Corporation, WinnDevelopment, Rhode Island Housing and other community organizations to celebrate the opening of 83 new or completely rebuilt affordable rental homes in Providence’s West End. Called Phoenix Apartments, the $21 million energy-efficient development has been built on the sites of 22 formerly dilapidated…

Continue reading →

Washington Trust Finances Historic Downtown Office Building, Parking Facilities

Washington Trust Finances Historic Downtown Office Building, Parking Facilities

Washington Trust’s Commercial Real Estate Group has recently provided commercial mortgage financing to One Financial Center Plaza, LLC, a 12 story office building located at 10 Weybosset Street in downtown Providence. The multi-tenanted historic building offers 128,000 square feet of space, as well as public lots with 170 parking spaces and…

Continue reading →

Court Approves Sale of 82 Acres at Rocky Point for State Park

Court Approves Sale of 82 Acres at Rocky Point for State Park

The state of Rhode Island has received the U.S. District Court’s approval to purchase 82 acres of the historic Rocky Point property in Warwick for $9.65 million. According to the R.I. Department of Environmental Management (DEM), the Court’s decision will allow for the development of a future State Park, just…

Continue reading →

Developers Weigh Options for “Superman Building” Makeover

Developers Weigh Options for “Superman Building” Makeover

High Rock Westminster LLC, the owner of the 26-story Industrial Trust Tower in downtown Providence, has hired Cornish Associates to study conversion options and redevelop the property. The Providence Business News reports that Cornish has recently commissioned a feasibility study to determine whether a residential reuse of the city’s tallest…

Continue reading →

Omni Hotels Wraps Deal for 564-Key Downtown Westin; Rebrands as Omni Providence

Omni Hotels Wraps Deal for 564-Key Downtown Westin; Rebrands as Omni Providence

Omni Hotels & Resorts has completed the acquisition of The Westin Hotel in Downtown Providence from The Procaccianti Group. Announced in October, the sale closed late last year for a price reported by CoStar Group as $170 million. Rebranded the Omni Providence Hotel, the 564-key property will become part of…

Continue reading →

Inland Diversified Pays $29.8M for Hasbro Building in Downtown Providence

Inland Diversified Pays $29.8M for Hasbro Building in Downtown Providence

In a $29.8 million deal, Chicago-based Inland Diversified Real Estate Trust Inc. has acquired the Hasbro Building in downtown Providence from Boston-based Berkeley Investments Inc., the Providence Journal reports. Alden Anderson and Bill Moylan of CBRE-New England arranged the transaction. Located at 15 LaSalle Square, the 135,000-square-foot property is fully…

Continue reading →

Procaccianti Group Buys Historic Renaissance Providence Hotel

Procaccianti Group Buys Historic Renaissance Providence Hotel

The Procaccianti Group, a Cranston-based hotelier and development company, has acquired the Renaissance Providence Hotel from Sage Hospitality of Denver, Providence Business News, reported. Financial terms were not disclosed. Located Downtown near the Rhode Island State House and Providence Place mall, the 237,000-square-foot, four-star hotel features 264 guest rooms and…

Continue reading →

After 50 Years, Preservation Group Graduates from Tenant to Owner at Colonial Schoolhouse

After 50 Years, Preservation Group Graduates from Tenant to Owner at Colonial Schoolhouse

by Adriana Pop, Associate Editor After leasing the Brick School House from the city of Providence for a half-century, the Providence Preservation Society is graduating from the historic building’s long-time tenant to its new owner. The organization is acquiring the Brick School House with the help of a $341,500 grant…

Continue reading →
Page 2 of 3123