Providence

  • Washington Trust Provides Financing for Providence Parking, Smithfield Retail Assets

    Washington Trust's commercial real estate group has recently provided $6.45 million in financing to Civic Center Parking Associates LLC for a 438-space parking garage, with two adjacent 39-space parking lots, in Providence.

    11 January 2014 22:17
  • Foundry Associates Buys Historic Office Complex for $19M

    In a $19.05 million deal, Foundry Associates, L.P. has purchased the five-building American Locomotive Works (ALCO) office park along the Woonasquatucket River in downtown Providence.

    29 November 2013 23:26
  • State Greenlights Sale of Landmark Medical Center in Woonsocket

    The Rhode Island Office of the Attorney General has approved the sale of the Landmark Medical Center in Woonsocket and its subsidiary, the Rehabilitation Hospital of Rhode Island in North Smithfield, to California-based Prime Healthcare Services. The decision concludes the regulatory process, as it follows the Department of Health’s approval.

    03 November 2013 18:47
  • Rockland Trust Provides $20M for Renaissance Marriott Deal

    Rockland Trust has provided $20 million in financing for The Procaccianti Group's purchase of the Renaissance Marriott Downtown Hotel in Providence. The loan marks the third financing project the Procaccianti Group has completed with Rockland Trust.

    22 October 2013 07:50
  • Cole Buys Coventry Retail Center for $11.6M; Gilbane Gets Green Light for East Side M-F Project

    Cole Capital Advisors Inc. has acquired Coventry Crossing, a 20,752-square-foot CVS-anchored shopping center in Coventry, for $11.6 million, or $559 per square foot.

    04 October 2013 17:19
  • Brady Sullivan, Starr Development Propose Mixed-Use Conversion of Warren’s American Tourister Factory

    Brady Sullivan Properties of Manchester, N.H. has partnered with Starr Development of Boston to repurpose the former American Tourister factory in Warren into a mixed-use facility. According to the Providence Journal, plans call for 225 apartments and 85,000 square feet of commercial/retail space at the 14-acre riverfront site on Main Street.

    08 September 2013 19:55
  • FM Global Gives Former Johnston Headquarters a $60M Makeover

    The former FM Global headquarters at 1301 Atwood Avenue in Johnston is currently undergoing a $60 million renovation.

    28 July 2013 18:55
  • Brown, RIC and URI Unveil $206M Redevelopment Plan for Providence’s Dynamo House

    Brown University, Rhode Island College (RIC), and the University of Rhode Island (URI) have announced plans to repurpose the long-vacant South Street Power Station in Providence into a shared 120,000-square-foot RIC/URI nursing education center, 150,000 square feet of upper-level student housing, 120,000 square feet of office space, as well as restaurants, retail space, and new parking facilities.

    28 June 2013 23:13
  • Boston Investor Acquires Gateway Center in Downtown Providence for $13.2M

    In a $13.2 million deal, Albany Road Real Estate Partners of Boston has purchased the four-story 117,000-square-foot Gateway Center in downtown Providence. According to the Providence Journal, the transaction closed on May 23. Bank Rhode Island financed the acquisition with a $10-million, 10-year loan.

    17 June 2013 14:14
  • Community Health Center in South Providence Enters Final Phase of Construction

    The $45 million development of the Federated Lithographers mill building in the South Providence neighborhood has entered its second and final phase of construction.

    31 May 2013 18:49
  • 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.

    23 May 2013 02:35
  • 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.

    06 May 2013 14:58
  • 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 and Federal leaders unveiled details of the renovation project. Plans call for an improved physical appearance of the station, as well as the reconstruction of pedestrian and vehicular access. Construction is expected to begin this summer.

    21 April 2013 18:57
  • 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 and restaurant space on the ground floor. Bill Fischer, a spokesman for High Rock, told the newspaper that the company is seeking historic tax credits to reposition the art deco-style building, Rhode Island's tallest skyscraper.

    08 April 2013 22:46
  • 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 and foreclosed multi-family properties. The project spreads along Althea, Waverly, Bellevue, Hanover, Cranston and Waldo streets, including a portion of community space on Cranston Street.

    23 March 2013 15:22