The so-called ‘triangle-parcel’ in Capital Center adjacent to Burnside Park could soon see a new development.
On the October 9th agenda of the Providence Redevelopment Authority is a:
Motion to approve lease with option to purchase Parcel 12 located at 5 Exchange Street, to First Bristol Corporation.
The company envisions a six-story building with 120 suites, with an estimated cost of $18 million to $20 million, Karam said.
First Bristol seems to be leaning toward an extended stay hotel concept.[/alert]