The Providence Journal: First project to earn RI tax credit will break ground in Providence Wednesday
The real-estate development firm Trilogy Development LLC, of Providence, and the residential-management firm John M. Corcoran & Co. LLC, of Braintree, Massachusetts, are working as partners to develop The Commons at Providence Station. They’ve created a real-estate entity for this project, Capital Cove Development LLC, of Braintree, Trilogy President Kevin Chase told The Providence Journal on Tuesday.
Their 169-unit building will be at 80 Smith St., east of the railroad tracks and the State House, and at the intersection of Smith and Canal streets. The firms expect the one- and two-bedroom apartments to be completed in summer 2018 – and to rent for $2,000 and $2,700 per month, respectively, Chase said. The smaller units will be about 710 square feet, and the larger ones will be slightly larger than 1,000 square feet.
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