I-195 commission selects Providence development team for Parcel 6

D+P Real Estate and Truth Box Architects, both of Providence, have proposed a mixed-use development for Parcel 6./COURTESY I-195 REDEVELOPMENT DISTRICT COMMISSION.
PROVIDENCE — A development team that most recently worked together on the Urban Greens grocery in Providence has been selected as the preferred developer for Parcel 6 of the Interstate 195 Redevelopment District. D+P Real Estate and Truth Box Architects, both based in Providence, will now develop more detailed plans for the prominent East Side…

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1 COMMENT

  1. I don’t quibble with this decision because it does offer some interesting features and gives diversity. However, it would be a mistake for I-195 district to be dominated by low rise, squat buildings like this proposal involves.

    There are several more important concerns that trigger the need for larger residential complexes

    !. The City is financially strapped and therefore the bigger the investment the larger the tax revenue resulting from the project.
    2. Providence has escalating housing costs resulting from a mismatch in housing supply and demand. The city has one of the lowest vacancy rates in the country and this is especially true in downtown. Both these factors argue for bigger projects rather than the measly 49 apartments offered for Parcel 6.
    3. With the upcoming census, the State and Providence stand to lose Federal monies if population continues to decline. Recent ProJo article on population growth by RI city and town for 2017 and 2018 showed Providence losing about 200 people. More and bigger residential projects will help the city grow its population.

    Apart from renovations, in the entire I-195 district here is only one residential building presently under construction! Why is the Commission dragging its feet on encouraging and approving larger scale residential complexes in the face of these three factors is a mystery!