News: Rhode Island

Quality public infrastructure supports economic development - by James Moran

James Moran, City of
East Providence

One important component in promoting a vibrant community that supports economic vitality and growth, is a city’s commitment to providing high quality infrastructure in support of economic development.   Nationally, the condition of our public infrastructure has been in steady decline as our roadways and bridges in particular, age and maintenance in many cases has been deferred. Many of our most heavily traveled roadways and bridges in the northeast are in substandard condition and in dire need of maintenance or, in many cases, a complete rebuild or replacement.  

Improvements to our city’s public infrastructure both state and locally funded, have been a major priority and we have seen some prominent success stories recently that play an important role in promoting our city as a great place to locate or expand a business.  

Waterfront Dr., which includes the Waterfront Dr. corridor extending from Bold Point to Dexter Rd., represents the centerpiece of the city’s redevelopment efforts and is the primary corridor for redevelopment of our waterfront. This roadway will generate significant economic investment in the coming years. The city will continue to lobby the state to complete the northern connection to Pawtucket to further economic investment in the Rumford section of our city.

In addition, East Providence has seen several important bridge replacement projects associated with our I-195 corridor that carry thousands of vehicles per day in on out of Providence and East Providence. Major bridge replacement plans for connections to the East Shore Expressway and at Pawtucket Avenue have occurred and are providing smoother and more efficient commutes for drivers throughout the East Bay. These new bridges, with expected lifespans of fifty to sixty years, are important to commerce not only for East Providence but for the State and our region.

Commercial corridor enhancements have also been a high priority for the city. The Warren Ave. enhancement project, the most recently completed effort, has spruced up an aging corridor and has served as a mechanism for improving local pride in our community. Similar improvements are being planned for Watchemoket Sq. including pedestrian wayfinding signage and other physical enhancement and multimodal improvements that will breathe vibrancy into the Sq.. A new sculpture park currently under construction will also be a beautiful addition to the Sq.

Those interested in learning more about the economic development activities occurring in East Providence are encouraged to visit the city’s website at www.eastprovidencebusiness.com or the city’s Waterfront District website at www.eastprovidencewaterfront.com. 

James Moran is the economic planner for the City of East Providence, R.I. 

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