PROVIDENCE, R.I. [Brown University] — A new proposed project on former Interstate 195 land in Providence includes an adjacent property owned by Brown University to create a long-term master planning opportunity that would feature an economically beneficial mix of commercial and residential use, provide important city tax revenue and support the goals of Rhode Island leaders for the former I-195 land.
On Wednesday, April 12, CV Properties shared its plans for a 149-unit residential building as the initial anchor for the redevelopment of 195 Parcels 14/15. The proposal also outlines plans for an adjacent parcel of land owned by Brown, creating the opportunity for a long-term master planning vision that includes up to 500,000 square feet of mixed-use development.
With a design that incorporates first floor retail, cultural and restaurant uses, the initial 11-story residential building will anchor the street level experience of a new plaza that would connect spaces created in later phases of a potential master plan. The full, phased project will enhance the pedestrian experience of the park and riverfront, and connect to the surrounding neighborhood. The plaza adjacent to the residential building will offer an important connection between the park and Dyer Street, as well as an opportunity for community programming.
“This phased project offers immediate housing benefits and long-term potential to significantly advance the economic development, land use and job creation goals of both the 195 Commission and the City of Providence,” said Richard Galvin, founder and president of CV Properties. “Together with Brown University, we are able to create a more holistic parcel that has flexibility to support this mix of uses. I am grateful to Brown for their partnership and their vision for an improved public experience in the 195 District and nearby neighborhoods.”
Representatives from CV Properties will present plans for the project to the 195 Redevelopment District Commission during the commission’s Wednesday, April 19, meeting. Included in the CV Properties proposal is a letter of support Brown sent to the commission noting the University’s endorsement of the project.