I-195 commission to consider development on East Side, Jewelry District parcels

THE DMG INVESTMENTS proposal would include housing over retail, in a design placed at an angle on a lot on the East Side of Providence. / COURTESY I-195 REDEVELOPMENT DISTRICT COMMISSION

PROVIDENCE – The fate of three development parcels in the Interstate 195 Redevelopment District will be determined Wednesday, including two on the East Side.

Spencer Providence, a developer that previously submitted a plan for building multifamily housing and retail on Parcels 2 and 5 on the East Side, is expected to speak in closed session with the I-195 Redevelopment District Commission. The board has scheduled a public session for discussion and a vote on that development.

The project team, led by Morgan Helies of Providence, originally proposed a development of 22 townhouse condos to be sold as residences. The commercial part of the development would include a restaurant, hotel and potentially a grocery store, covering Parcels 2 and 5.

It was not immediately clear how the project has changed since last year.

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The I-195 commission will meet at 5 p.m. on Wednesday at its offices at the R.I. Commerce Corp. headquarters.

The commission also is expected to choose a developer for Parcel 28, a site in the Jewelry District on Chestnut and Friendship streets.

Two developers are candidates.

DMG Investments LLC is partnering with a Boston architect on a residential apartment project that would rise 13 stories. The building would have 344 rental apartments of varying sizes, including three-bedroom units intended for families.

The residential floors would be set on a base of retail, in a building constructed of glass and steel. The developer has proposed purchasing the land for $1.5 million.

Exeter Property Group, based in Pennsylvania, has proposed a multifamily building with 246 units aimed at younger workers coming into the city for medical and education industry jobs. About 90% of the units will be studios or one-bedrooms. The proposed purchase price for Parcel 28 is $2 million.

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