WARWICK – A 7-acre property on Kilvert Street sold for $1.25 million in the largest vacant land sale in the city’s history.
The property, bordered by Dorrance and Craystone streets, will be developed into a mix of rental and condo units, according to Residential Properties Ltd. and its Bessette, Veloso & Fava Group, which represented both sides in the transaction.
The Warwick Planning Board recently gave combined preliminary and final master plan approval to an application for a 73-unit multifamily residential development, with 54 townhouse-style units with access to Kilvert Street and 19 single-family units with access to Graystone Street, according to public records.
The vacant property, bought by HillsGrove Homes LLC, was sold by a company formerly known as Gore-Kev LLC, a Nevada limited liability company, according to a deed transfer that was recorded in the city on Sept. 9 documenting the land sale.
Marc Larocque is a PBN staff writer. Contact him at Larocque@PBN.com. You may also follow him on Twitter @LaRockPBN.
