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Tag Archives | Dynamo House

→ PBN: Legal tangle hinders power station redevelopment

dynamo

Ownership of the vacant power plant is hampered by multiple stakeholders, mortgages, deed restrictions and up to 20 mechanics liens tied to one of the most ambitious and ill-fated public-private partnerships in the state’s history.

And then there are the $26 million in state historic tax credits attached to Dynamo House that the partnership between Commonwealth Ventures LLC and Brown University intend to use to help finance construction. The current owners of the power station control the tax credits.

With this tangled legal web in mind, the city’s Davol Square Plan lays out a strong case for seizing the power station using the city’s powers of eminent domain if clearing the title through negotiation fails.

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What Cheer / What Jeer 2013

We’re running a little late this year but we’re finally ready to run down the What Cheers and What Jeers of 2013.

what-cheer-south-street-power-station

WHAT CHEER: South Street Power Station (Maybe)

In 2013 we got another plan to redevelop the moribund South Street Power Station. While numerous plans for the building, which at one point was known as the Dynamo House, have come and gone, this latest plan engenders optimism as Brown University is involved now.

In January the New York Times and then The Brown Daily Herald reported on rumors of the university becoming involved in the project. Then in June Brown announced it’s plans for the building in a letter to the campus community.

Those plans include a home for the long talked about URI/RIC Nursing School, office space for Brown, and some sort of retail component in the former power station building. Brown also has a developer engaged in building a student apartment building in the neighboring parking lot along Point Street and the City is involved in plans for a parking structure across Point Street from that.

The latest news on the project comes from the ProJo just before Christmas with reports that the PRA is considering condemning the building so the project can move forward.

While this could all be looked at as another in a long line of proposals for the building, Brown’s involvement makes this proposal seem more promising. 2014 will show us if this project actually moves forward.

Continue Reading →

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City Plan Commission Meeting – December 17, 2013

featured-bikeped City Plan Commission Meeting
Tuesday, December 17, 2013 – 4:45pm
444 Westminster Street, First Floor

Opening Session

  • Call to Order
  • Roll Call
  • Approval of minutes from the November 19th meeting – for action
  • Approval of the CPC meeting schedule for the 2014 calendar year – for action
  • Director’s Report

Redevelopment Plan

davol-site

Image from Bing Maps

1. City Council Referral: An ordinance to adopt the Davol Square Redevelopment Plan This ordinance would adopt a redevelopment plan that would designate a redevelopment project area consisting of approximately 10.5 acres of industrial and commercial property located along the Providence River in the Downtown neighborhood. The ordinance will be reviewed for conformance with the Comprehensive Plan – for action (Downtown, AP 21 Lots 429, 430, 438, 439, 440)

Re:Zoning Providence

2. Update on Re: Zoning Providence Presentation detailing progress on the zoning ordinance revision process and proposed zoning changes developed by the project consultants – for discussion

Adjournment


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Brown presentation on the South Street Power Station project at JDA meeting – July 9, 2013

dynamo

Brown University will present information on the proposed redevelopment of the South Street Power Station at the Jewelry District Association Meeting on Tuesday, July 9th.

The meeting is open to the public, you need to be buzzed into the building for entry.

Tuesday, July 9th, 2013 • 4:00pm- 5:30pm
Brown Continuing Education Building
200 Dyer Street, Classroom 131/133

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Brown University outlines plans for redevelopment of South Street Power Station

dynamo

The University plan includes student housing, retail, a URI/RIC nursing school, administrative offices for the University, a new parking structure, and additions to the riverwalk. The vacant South Street Power Station would be a redeveloped, student housing built on a parking lot along Point Street, and the parking garage across Point Street.

Update: Brown has a Press Release up on their site including a link to an Economic Analysis. pdf

The following letter from Brown University President Christina Paxson, was forwarded to me by a member of the Brown Community:

I am writing to share news that Brown, together with the University of Rhode Island (URI) and Rhode Island College (RIC), is exploring the possibility of partnering with private developer Commonwealth Venture Properties on a comprehensive redevelopment project in Providence’s Jewelry District.

The centerpiece of the project is a renovation of the former South Street Power Station located at 360 Eddy Street, known as “Dynamo House.” Approximately one-half of this space (about 120,000 square feet) would be leased by Brown University for administrative and educational programs; the other half would be leased by the University of Rhode Island and Rhode Island College to house a shared nursing education program. The proposed project also includes an apartment building suitable for graduate, medical and advanced nursing students; retail space; space for start-ups and other small technology-based companies; and a new parking garage.

This week, a joint resolution was introduced in the General Assembly that, if passed, endorses the project in concept and enables URI and RIC to work over the coming months with the developer on a long-term lease agreement, which would require approval by the State Properties Committee and the General Assembly in the next session. The Brown Corporation has endorsed the concept, directing the administration to enter negotiations with the developer on a long-term lease. Assuming the details of these leases are negotiated successfully, we anticipate that construction and renovation would begin in 2014 and the facility would be ready for occupancy in 2016.

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URI/RIC Nursing School at the South Street Power Station?

Dynamo House

Ted Nesi reports for WPRI about the possibility of the South Street Power Station (aka the Dynamo House) being used as the location for the proposed URI/RIC Nursing School.

Yesterday Brown announced their intention to build their expanded School of Engineering on College Hill, ending speculation that Brown would use the old power station located in the Jewelry District.

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→ Brown Daily Herald: U. considers purchase of historic Jewelry District site

The vacant historical building known as the Dynamo House, located in the Jewelry District, has become the subject of renewed speculation as government and local university officials push to redevelop the neighborhood into a hub of science, technology and research.

The University has “shown interest in (purchasing the Dynamo House), but nothing definite,” said Edward Wing, dean of medicine and biological sciences.

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→ The New York Times: Historic Power Plant in Providence, R.I., May Get Another Chance at an Encore

The New York Times reports that Brown University may be interested in redeveloping the South Street Power Station, better known as the location of the stalled “Dynamo House” project.

According to James S. Bennett, director of economic development for Providence, “serious” possible tenants have looked at the building in recent months, though he declined to say who they were. Sources knowledgeable about the site said that Brown University might be interested since Dynamo House is in the city’s Jewelry District, where Brown has expanded in recent years.

Mr. Bennett said the city had made finding a new use for the building a priority, and would not consider the alternative: “It’s not going to be torn down,” he said.

See also:
Greater City Providence: What’s going on with the Dynamo House?
Via: Nesi’s Notes
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Providence Preservation Society 2012 Ten Most Endangered Properties

This week the Providence Preservation Society announced their 2012 list of the city’s Ten Most Endangered Properties.

  • George C. Arnold Building (“The Narrow Building”)
  • Jerothmul B. Barnaby House (“Barnaby’s Castle”)
  • Flower Shop and Green House at 398 Hope Street
  • Foreclosed Multifamily Housing Stock
  • Cathedral of St. John
  • Kendrick-Prentice-Tirocchi House
  • Narragansett Electric Lighting (Dynamo House)
  • former Rhode Island Department of Transportation Headquarters and Garage
  • Roger Williams Park Seal House
  • Ward Baking Company Administration Building

Find more information about each building and the Providence Preservation Society website.

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