Brown sells Innovation District-adjacent land to Ventas

THE BRENNAN BUILDING at 60 Clifford St., Providence, along with an adjacent parking lot have been sold to Providence Innovation District Phase II Owner LLC for $2.2 million by Brown University. / COURTESY GOOGLE INC.
THE BRENNAN BUILDING at 60 Clifford St., Providence, along with an adjacent parking lot have been sold to Providence Innovation District Phase II Owner LLC for $2.2 million by Brown University. / COURTESY GOOGLE

PROVIDENCE – Brown University has sold the properties at 60 Clifford St. and 216 Eddy St.  to Providence Innovation District Phase II Owner, affiliated with Ventas Inc. – the entity that controls the real estate for Wexford Science & Technology – for $2.2 million.

The building at 60 Clifford St. is the site of Nabsys 2.0 LLC. The 216 Eddy St. property is currently a parking lot.

The land is adjacent to the I-195 Redevelopment District, where an innovation center is currently under construction for Wexford and a 170-room hotel will be developed and run by the Aloft brand. The hotel site will be developed by CV Properties, according to Peter McNally executive director of the I-195 District commission.

A RENDERING of the Wexford site released in 2017. / COURTESY WEXFORD SCIENCE & TECHNOLOGY
A RENDERING of the Wexford site released in 2017. / COURTESY WEXFORD SCIENCE & TECHNOLOGY

The properties that have been sold by Brown, McNally said, are part of a planned assemblage of lots for the Wexford campus, “which was anticipated going back a couple of years ago.” Eventually the Nabsys  building will be replaced with new construction, but he said the company will remain at the site for the foreseeable future.

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Chris Bergenheim is the PBN web editor. He can be reached at Bergenheim@PBN.com.