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Parcel 6 Ribbon Cutting, Providence
June 22, 2023 @ 2:00 pm - 3:00 pm
Developer: D+P Real Estate, Truth Box, Inc.
Funding: RIHousing Workforce Housing Program Loan, Rebuild RI Tax Credit
Description: Parcel 6 is a mixed-use and mixed-income 1.5-acre development located on Parcel 6 of the I-195 land created by the relocation of Interstate 195. In total, 19 acres of developable land and 7 acres of open space were created and was overseen by the I-195 Redevelopment District Commission. The District is a quasi-public agency that is involved in the sale, marketing, and development of the area. Link Street, LLC acquired the property for $100,000.
The development includes three buildings on the site: a 13,000 square foot square Trader Joe’s, the first large grocery store of its kind in downtown Providence, and two mixed-use residential buildings five stories in height. There is an additional 10,000 square feet of commercial/retail space as well as 162 parking spaces in a parking deck shared by the three buildings. The development was completed in September 2022 and is currently fully occupied, and the retail space has been fully leased.
