Purchase agreement negotiated for Parcel 9 in I-195 Redevelopment District

Mary MacDonald

04/21/2021

Pennrose Parcel 9 — PENNROSE LLC has negotiated a purchase agreement for Parcel 9 in the I-195 Redevelopment District. / RENDERING COURTESY I-195 REDEVELOPMENT DISTRICT.

PROVIDENCE – A one-acre parcel of land in the I-195 Redevelopment District will be sold to Pennrose LLC for development of 131 apartment units, under a purchase agreement authorized by the district commission Wednesday. The purchase price will be $240,000, divided into the two phases and based on the number of units in each. All…

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