Berkeley Investments: One Empire Plaza, a six-story, 109,216-square-foot building built in 1982 that is the former office of Blue Cross & Blue Shield of Rhode Island. Asking $14.5 million for purchase or an average base rent of $20.20 per square foot per year to $22.78, depending upon length of lease. Available Nov. 12, 2010.
Cornish Associates (Arnold Chace): Former Providence Journal building at 60 Eddy St. and the adjacent former Kresge Department Store. Proposed full historic restoration of buildings with 73,505 square feet of office and ground floor retail. Asking for 19-year lease of $21.62 per square foot per year, with rents increasing by 10 percent every five years. Ready by summer/fall 2011.
Extell Development: 198 Dyer St., a two-story, 40,000-square-foot building built in 1946 and the current home of the city Department of Inspection & Standards. Asking for lease of $37 million over 15 years lease or up to $67 million over 25 years, depending upon space needs. Available Dec. 31, 2010.
Joseph DiBattista (Civic Center Associates): Developable land fronting Washington, Beverly, and Fountain streets. Asking $2.75 million for land or, if developer builds office and city opts to lease, asking $275,000 a year in rent with a 1 percent annual increase after first year.
Guess it is safe to say we shouldn’t expect to see Hotel Sierra anytime soon then.
Joseph DiBattista: Located at 40 Fountain St., an eight-story, 73,610-square-foot building. Currently home to state offices, including the state Retirement System. Asking for annual lease of $13.50 per square foot with a 2 percent increase in rent after year one.
Joseph R. Paolino Jr.: 150 Washington St., a four-story, 75,000-square-foot building built in 1939 that currently is a campus of Roger Williams University. Asking $6.75 million for purchase or an annual lease of $11.50 per square foot.
Joseph R. Paolino Jr.: 444 Westminster St., a three-story, 66,121-square-foot office building built in 1967 that was the former offices of Blue Cross Blue & Shield of Rhode Island. Asking $9.01 million for purchase or an annual lease of $17.35 per square foot.
National Grid: Located at 100 Dorrance St., three buildings totaling 84,696 square feet that are now vacant. Asking $9.03 million for purchase and renovation. Building ready in nine months.
Providence Journal Company: 75 Fountain St., a five-story 194,915 square foot building completed in 1934 that is the current headquarters of the newspaper. Asking $9.75 million for purchase or lease of $1.17 million a year with rents increasing by 10 percent every five years.
Providence Daily Dose thinks that the ProJo bidding on a city contract presents a conflict of interest for the city’s “paper of record.”