Five-story building proposed for Fox Point neighborhood near I-195

A FIVE-STORY BUILDING of 44 condominium units and retail space is being proposed for a surface parking lot near Interstate 195 and South Water Street in the Fox Point neighborhood of Providence. / PBN PHOTO/MARY MACDONALD
A FIVE-STORY BUILDING of 44 condominium units and retail space is being proposed for a surface parking lot near Interstate 195 and South Water Street in the Fox Point neighborhood of Providence. / PBN PHOTO/MARY MACDONALD

PROVIDENCE – A building of 44 condominium units and retail space is being proposed for a surface parking lot near Interstate 195 and South Water Street in the Fox Point neighborhood.

The project, discussed with the Providence Downtown Design Review Committee by Churchill & Banks developer Richard Baccari II and architect Eric Zuena, would involve new construction of a five-story building, with parking on-site.

The site is 580 South Water St., adjacent to Parcel 8 in the Interstate 195 Redevelopment District. The property, now used as a surface parking lot, is also next to a building occupied by the restaurant Milk Money.

“We look at this as an up-and-coming area, and we’re very happy to be pioneering development in this zone,” said Zuena, managing principal at ZDS Inc.

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Baccari and Zuena revealed initial renderings and a site plan for the project, which will be formally submitted in the next several weeks.

Based on the illustration presented in the meeting, the project would rise above the I-195 expanse nearby. The property allows a 75-foot height under zoning, Zuena said, and the plans for the building would keep it under that height.

The access would be on Tockwotton Street, rather than South Water Street, because of the speed of traffic on South Water.

The units would be luxury condos, he said, in the range of 1,500 to 2,500 square feet, with two-bedroom, two-bathroom designs or larger, and featuring individual outdoor decks for residents.

Mary MacDonald is a staff writer for the PBN. Contact her at macdonald@pbn.com.