I-195 Redevelopment District launches a call for tenders for Plot 2 in Innovation & Design District: NEREJ
Providence, RI The I-195 Redevelopment District Commission has issued a Request for Proposals (RFP) for the development of Parcel 2 in the Innovation and Design District of Providence. The 1.1 acre shovel-ready site is located at the foot of historic College Hill and the new award-winning Michael Van Leesten Memorial Bridge. Just blocks from the main campuses of Brown University and the Rhode Island School of Design, the site offers views of the Providence River and downtown skyline. A tender for nearby plot 14 will also be published later this summer. The two plots are located directly across from the Innovation District Park and follow the commission’s receipt of $ 4 million bond funding from the state to support the construction of the new food and beverage pavilion at the Park.
It has been a busy year in the District. Beyond the progress around the park, three projects are currently under construction: Parcel 6, developed by D + P Real Estate and Truth Box, includes a specialized national grocery store, 10,000 s / f of retail space and 62 mixed income units. housing. Emblem 125 (Parcel 28), developed by Exeter Property Group, comprises 249 housing units on retail on the ground floor. Both projects will be completed next year. In addition to these apartment developments, CV Properties and Boston Andes Capital are developing an Aloft hotel on plot 22, which will be completed this fall. The Commission also recently selected Pennrose Properties to develop 131 mixed income housing units on Plot 9.
“Providence has seen a surge of interest over the past year,” said Caroline Skuncik, district executive director. “The district’s dynamic of living, working and playing has propelled it to the forefront of the city’s post-pandemic growth. We are delighted with the recent development momentum and look forward to seeing proposals for Parcel 2. ”