Proposals for new apartments move forward in I-195 district

A 13-STORY building set on a diagonal across Parcel 28 is a finalist for a land purchase agreement with the I-195 Redevelopment District Commission. / COURTESY I-195 REDEVELOPMENT DISTRICT COMMISSION
PROVIDENCE — Two development proposals that promise more concentrated housing in downtown Providence will move forward as finalists for Parcel 28 in the I-195 Redevelopment District, an overseeing commission decided last night. Projects by DMG Investments LLC and Exeter Property Group were selected as the finalists among five competitors. Once the project teams return with…

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  1. Someday, but I doubt during my lifetime, they will be able to speed up the process for proposals for the
    I195 development area. Why does it have to be so political for all this to happen???
    “Only in RI” I guess that says it all…..this is why we are always rated so low for pro business among the 50 states.

  2. I would try to encourage both of these projects to go forward. I would give parcel 28 priority to the DMG project since it has a the largest number of units -344- plus the variety in unit size results in broader tenant diversity. I would incentivize Exeter to build a similar size residential building on another district parcel. Both projects together this would add 590 apartments to downtown Providence adding possibly 1000 people to the population. It would also help the city with taxes and loosen the overall housing market and take pressure off escalating prices.