Saletin Real Estate Group property manager for new 22,000 s/f office building
Construction has begun on a new 22,000 s/f office building at The Village at South County Commons located on Rte. 1 (Tower Hill Rd.). The three-floor New England style building's first tenant will be Narragansett Bay Pediatrics, who signed a lease to occupy the entire 7,200 s/f first floor. According to Jeffrey Saletin, president of Saletin Real Estate Group of Cranston, property manager, they expect an early fall occupancy for the Coastal Medical affiliate.
The Village at South County Commons is one of Rhode Island's largest lifestyle centers with more than 200,000 s/f of medical and general offices, retail, restaurants and services.
"We have seen an increased demand in office space and we are responding to that need with a brand new building," Saletin said. He added that negotiations are underway with two large medical practices to lease space in the new building. "Medical growth has been strong the past couple of years at The Village at South County Commons."
In 2014, Lifespan leased a 4,477 s/f office and Clinical Services of Rhode Island leased a 1,542 s/f office. Rhode Island Eye Institute recently opened its only South County location - a 12,150 s/f office in a building that will connected by a walkway to the newly constructed office building.
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 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!
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 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