Real Estate

THE PROPOSED CLEAR RIVER ENERGY CENTER had another setback this week when federal officials confirmed the cancellation of a capacity supply obligation for the facility previously auctioned by ISO New England. / COURTESY INVENERGY

FERC backs ISO-NE nix of ’21-’22 capacity contract for proposed Burrillville...

Real Estate 11/20/2018

BURRILLVILLE - In another setback for a proposed $1 billion natural gas-burning power plant in Burrillville, federal officials have accepted a decision by the...

PROVIDENCE MAYOR Jorge O. Elorza outlined a series of agreements he would like to reach with the Fane Organization before committing to approval of a height variance for the proposed luxury residential tower in the Interstate 195 Redevelopment District. / COURTESY THE FANE ORGANIZATION

Elorza outlines his conditions for Hope Point Tower support

Real Estate 11/19/2018

PROVIDENCE – Mayor Jorge O. Elorza issued a statement Monday outlining his conditions for full support of the Hope Point Tower proposed by the...

CONFIDENCE AMONG U.S. homebuilders plummeted in November by the most since 2014. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

U.S. homebuilder index drops by most since ’14 as rates rise

Real Estate 11/19/2018

NEW YORK - Confidence among United States homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrain demand,...

R.I. CONSTRUCTION employment increased 6 percent year over year to 19,400 jobs. / COURTESY ASSOCIATED GENERAL CONTRACTORS OF AMERICA

R.I. construction employment rises 6% in Oct.

Real Estate 11/16/2018

PROVIDENCE – Rhode Island construction employment increased 6 percent year over year in October, or 1,100 workers, to 19,400 construction jobs. The year-over-year growth...

PAWTUCKET CREDIT UNION President and CEO George Charette says the credit union's new operations center is almost finished and employees are expected to move into the Pawtucket facility in January. / PBN FILE PHOTO/MICHAEL SALERNO

Pawtucket Credit Union prepares to open new operations center

Real Estate 11/16/2018

PAWTUCKET – Riding a wave of revenue growth, Pawtucket Credit Union is finishing construction of its $4.5 million operations center and plans to move...

COMFORTABLE SURROUNDINGS: Jeffrey Kerkhoff, owner of Jephry Floral Studio on Broadway in Providence, with customer Melissa Lamoine of Cumberland. Kerkhoff said he feels comfortable in a neighborhood that has improved in value and esteem since he first opened his floral business 20 years ago.  / PBN PHOTO/MICHAEL SALERNO

As investment boosts city neighborhoods, can developers avoid displacing the poor?

Real Estate 11/16/2018

Twenty years ago, Jeffrey Kerkhoff opened a floral studio in a narrow backroom of an upholstery business on Broadway, on the west side of...

A FUTURE VISION: The proposed Fane Organization’s Hope Point Tower has the potential to inject new life into the I-195 Redevelopment District and subsequently the rest of that part of downtown Providence.   / COURTESY THE FANE ORGANIZATION

For future’s sake, City Council must approve Hope Point Tower

Real Estate 11/16/2018

Nearly a month ago, more than four out of five respondents to a PBN.com poll said that the Fane Organization’s Hope Point Tower should...

Affordable housing a must-have for R.I.

Real Estate 11/16/2018

Even as Providence attracts high-end investments, the region needs broad-based advances, too. From new housing units to a brand-new food market, the city is drawing...