News: Rhode Island

Mayor Angel Taveras's message: Providence is economic and cultural hub

One of the fun parts of being mayor is when I get to be part of the renaming of a street or intersection. This rarely occurs, and when it does it's always to honor a much-loved civic leader. So I was pleased recently to rename the intersection of Weybosset and Mathewson Sts. in the Arts & Entertainment District as PPAC Sq., in honor of the Providence Performing Arts Center's great contribution to our city's cultural life. PPAC Sq. is also the centerpiece of a construction project more than a decade in the making. The Downtown Providence Traffic Circulation Improvements Project will improve Providence's Arts & Entertainment District, enhance the streetscape and recreate two-way traffic on two main thoroughfares in downtown. Two other streetscape and roadway enhancement projects currently underway in Providence will provide significant enhancements in three of our city's neighborhoods: the West End, Olneyville and historic Federal Hill. The construction projects, which are being paid for with a combination of federal, state and city funds, will repave roadways and sidewalks, upgrade traffic signals and signs, and install ornamental lights, trees, planters, a bike lane, bike racks and other public amenities throughout the city. We are restoring two-way traffic on Weybosset and Empire Sts. for the first time since the 1970s, and significantly reconfiguring and enhancing the area of Weybosset St. in front of the PPAC Sq. In PPAC Sq., a dedicated drop-off lane will be installed in front of the landmark arts venue, and the historic tower of the comfort station will be restored and relocated to a new median island in the center of Weybosset St. Streets and sidewalks in the square will be replaced, and 25 new trees, granite planters, bike racks, ornamental bollards, new benches, and ornamental streetlights installed. In the West End and Olneyville, improvements will include the installation of new ornamental lights along Westminster St., the planting of new trees on Manton Ave. and in Olneyville Sq., sidewalk reconstruction and the installation of a new median island and traffic signal upgrades at the intersection of Westminster and Cranston Sts. The city's third major construction project will upgrade and coordinate the traffic signals and add a striped bike lane in each direction on Broadway, repave Broadway and the intersection of Pocasset Ave.and Plainfield St., and replace existing sidewalks in poor condition. The improvements to PPAC Square and all of the streetscape and roadway improvements have been enthusiastically received by Providence's business community and arts-and-culture organization as a way to provide improved access to our city's world-class arts and cultural activities for resident and visitors alike. My administration will continue to work with our community stakeholders to position downtown Providence as a competitive arts, business and residential center for New England. Providence is the economic and cultural hub of R.I., and it's vitally important that we make visiting, working and living in Providence even better. Angel Taveras is the mayor of Providence.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
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