A vacant brownfield site that once housed a commercial laundry facility is now being transformed into a model urban infill development anchored by a community start up grocery store that will fill a void in the local neighborhood for healthy food options.
The grocery store, called Urban Greens, is a community Co-op that has attracted over 1,000 members to date. In addition we are constructing 30 mixed income apartments on the site over podium parking garage. The residential units will be a mix of Low Income units (20%) with the balance set aside for Workforce housing serving tenants with incomes of 100%-120% of Area Median income. The building features a ‘double stud wall’ construction and high performance heat pump systems which will drastically improve the energy efficiency and tenant operating costs over the long term. |
PRJOECT STATS:
Type: Mixed Use / New Construction / Infill Architect: Truthbox Inc. Builder: Durham Construction. Budget: $8.5M Financing: Bank RI, LISC, Rebuild RI Tax Credits, City of Providence HOME funds, Developer Equity Size: 30 Apartments & 8,000 SF Grocery Store Date: 2017-Current Role: Developer, Builder, Owner |
D+P REAL ESTATE | 460 HARRIS AVENUE | PROVIDENCE, RI 02909
401.450.0731
401.450.0731
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