Patrick Anderson, Author at Providence Business News

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Peter de Savary has sold his Gilded Age mansion at 25 Bowery St. in Newport RI for $8.7 million, his broker said Thursday. / COURTESY VANDERBILT INTERNATIONAL PROPERTIES LTD.

Merrillton mansion sells for $8.7M

Economic Activity 05/01/2014

NEWPORT – International businessman and developer Peter de Savary has sold Merrillton, his seven-bedroom Gilded Age mansion, for $8.675 million, Stacie Mills, principal broker...

Providence drops to 4th in commercial-property tax burden

Government 04/30/2014

CAMBRIDGE, Mass. – Providence is no longer number one in commercial property taxes. The city levied the fourth highest tax burden on commercial properties last...

MAYOR ANGEL TAVERAS proposed no tax increases in his fiscal 2015 budget, although he would like the city to spend 2.4 percent more in the coming year to fund 60 new police officers and 55 new police vehicles, among other things. / PBN FILE PHTO/FRANK MULLIN

Taveras budget: No tax hikes

Economic Activity 04/29/2014

PROVIDENCE – Mayor Angel Taveras unveiled a $678.4 million city budget proposal for fiscal 2015 Tuesday that would maintain the current residential and commercial...

HERITAGE HARBOR MUSEUM has agreed to accept a $4.5 million payment from Commonwealth Ventures that removes one of the obstacles to the creation of an academic office complex and advanced nursing education center at the former South Street Power Station (in foreground) in Providence. / PBN FILE PHOTO/NATALJA KENT

South Street Power Station developer reaches deal with Heritage Harbor

Economic Activity 04/28/2014

PROVIDENCE – An agreement has been reached between Commonwealth Ventures LLC and the Heritage Harbor Museum Corporation to allow redevelopment of the South Street...

SALES OF SINGLE-FAMILY homes in Rhode Island dropped slightly in March compared with the same month a year earlier, according to the Rhode Island Association of Realtors. The median price for a single-family home rose 8 percent year over year. / BLOOMBERG FILE PHOTO/TY WRIGHT

Realtors: March home sales drop on weather, flood insurance concerns

Economic Activity 04/25/2014

WARWICK – The median price of Rhode Island single-family homes sold in March rose 8 percent compared with the same period last year, the...

THE I-195 COMMISSION voted Monday night to keep developers' preliminary proposals for The Link confidential until the two sides have signed a letter of intent. The first deadline for proposals is May 1. Above, a rendering of a proposed pedestrian walkway between two office buildings on Clifford Street in The Link "developer's toolkit," released by the commission in February. / COURTESY I-195 REDEVELOPMENT DISTRICT COMMISSION

I-195 Commission votes to keep Link proposals confidential

Economic Activity 04/22/2014

(Updated, April 24, 12:35 p.m.) PROVIDENCE – The public may never know what proposals the Interstate 195 Redevelopment District Commission turns down for the 20...

Providence restarts repaving, goal of 1 in 6 streets done by...

Capital Goods 04/16/2014

PROVIDENCE – The city has started the second year of work in its $40 million road resurfacing project. Funded with a voter-approved bond in 2012,...

DAYS AFTER MEMBERS OF THE POLICE UNION rejected the negotiated settlement of public employee union lawsuits against pension reforms made in 2009, 2010 and 2011, throwing the entire deal into limbo, the state, led by Gov. Lincoln D. Chafee and General Treasurer Gina M. Raimondo, has ended negotiations to try and solve the impasse. / PBN FILE PHOTO/TRACY JENKINS

Mediation ends, pension lawsuits heading to trial in fall

Government 04/11/2014

PROVIDENCE – Court-ordered settlement talks between the state and Rhode Island public employees and retirees over cuts in pension benefits have broken down, sending...

GOV. LINCOLN D. CHAFEE on Thursday announced that the state has reached an agreement with Council 94 and the Coalition of Unions on a new four-year contract that includes a 6 percent cumulative salary increase between July 2013 and October 2015. In exchange, the unions agreed to health insurance deductibles and medical copays. / PBN FILE PHOTO/FRANK MULLIN

State, unions reach tentative deal

Government 04/10/2014

PROVIDENCE – Rhode Island officials have reached an agreement with most of the state’s public employee unions on a new four-year contract, Gov. Lincoln...

HIGH ROCK DEVELOPMENT, owner of 111 Westminster Street, the 'Superman Building,' has made another proposal to redevelop the 350,000-square-foot, 26-story tower into 280 apartments along with mixed commercial use in the lower floors. / PBN FILE PHOTO

‘Superman’ developer submits revised proposal for state aid

Economic Activity 04/09/2014

PROVIDENCE – The owner of the vacant “Superman Building” at 111 Westminster St. downtown Wednesday proposed a new $39 million package of state assistance...

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