Jef Nickerson
Image from Bing Maps
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.
According to the Minutes of the PRA July 10th meeting , the lease would be for the construction of a hotel. First Bristol are the owners of the Hampton Inn & Suites on Weybosset Street.
The last proposed development on Parcel 12 was way back in 2006 when The Carpionato Group also proposed a hotel on the site. Let’s hope this one is a little less ugly.
[alert type=”muted”]Update: ProJo reports: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]
Exciting prospect. There was a crew on the site today with a drill rig. They might have been doing soil tests.
Before river relocation, the Woonasquatucket went right through this parcel, and the confluence was at the southern edge of it, so my understanding is this parcel has a lot of sub-surface issues.
“…less ugly” — and at least as tall. A nicely done 14-18 floor structure would really complete the immediate area’s density.
Glad that the Carpionato Group is out of this.
First I heard of the sub-surface issues…hope for the best.
What ever happened to the hotel proposal that would be built where the Fogarty building is?
That is the Procaccianti Group.
As far as I know, that is on track as an extended stay hotel…nothing like what would go in the triangle.
Good news for momentum on improving kennedy and burn side parks.
Though a long awaited prospect, looking back, I’m so happy we didn’t let that design from 2005 to ever be built. Those balconies alone…bleh! I’m hopeful that a new design will utilize the entire vertical real-estate, if not create some sort of plaza, gathering space, etc.
Fingers crossed on this one.
What’s more, if we can built the Turks Head on Westminster and Weybosset and the Flat Iron in NYC, one can hope with modern technologies that we can fill in this triangle-void in the heart of our city and with a more promising design.
build* not built.
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I think that previous design could have been gorgeous if you took away a majority of the balconies, and if quality materials were used. To be honest, I’m a little afraid to be optimistic about what mught be proposed. Extra costs for the foundation could eat into the budget for aesthetic quality, not to be a negative-Nancy.
Either way, I AM glad that this lot is being seiously looked at for development.
If it’s a hotel, what does it need a bunch of balconies for anyway? Give me something with a nice clean look, I’ll be happy
FINALLY, I drive by this site everyday and say to myself why would any other parcel in the city be developed before this one. Its in a PERFECT location. Cannot wait to see a rendering.
PBN: PRA approves triangle lot lease to First Bristol for hotel plan
Why the hate for balconies? I feel like balconies (and people on them), make the City feel less vacant.
Any news on this?