News: Rhode Island

Celebrating many positive developments in Warwick

During recent weeks, even as we prepared to usher in the New Year, we celebrated many positive developments in Warwick as we bid goodbye to 2012. JetBlue, an airline known for its award-winning customer service and convenience, began service from T.F. Green Airport - its 75th, or diamond location - the week after Thanksgiving, bringing 22 direct jobs and roughly 200 other positions with businesses related to JetBlue and the airport. Warwick's hotels, restaurants, retail establishments and other businesses will also benefit from JetBlue's presence. And, as the economy continues to rebound, those ancillary benefits will spark local job growth beyond just the airport gates. In a plaza located directly adjacent to the airport property, we celebrated the opening of Chill Out Loud Frozen Yogurt. The business is owned and operated by a husband-and-wife team, who spent over a year researching the industry and trends. The result is a bright, family-friendly, welcoming shop that offers customers the opportunity to build their own frozen yogurt sundaes from a selection of ten rotating flavors and more than 50 toppings. Unique furnishings and a logo that includes a pineapple and strawberry give the store a fun and relaxed feel. December marked the opening of BowchikaWowTown, the first indoor dog park in Rhode Island. In addition to the park, they also offer around-the-clock "doggie daycare" to accommodate those working second- or third-shifts, as well as boarding services. Employees are trained in pet first aid and CPR, and staff remains overnight in the boarding area with the dogs to ensure their comfort. Last month also saw the opening of the Ocean State Theatre Company. The new theatre facility, hosting 409 seats for live performances, is located in a former telecommunications company facility that has been transformed into a modern live performance venue and headquarters for OSTC staff. Their move here has had a direct job-growth benefit, with roughly 17 seasonal jobs turned into full-time positions and three new, full-time positions to be created within its first year. The venue will be open year round, with educational classes and camp programs for the youth to begin in the coming year. Local restaurants, retail establishments, and other area businesses have already seen increased impact resulting from the theater's first performances, and we're anticipating further growth as we begin the full season of performances later this month. All told, 2012 saw exciting developments for the local economy and for our city as a whole. We look forward to further growth and continued success of area business in the new year. Scott Avedisian is the mayor of Warwick and the chairman of the RIPTA board of directors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary