January saw the arrival of hundreds of out-of-town guests for two regional hockey tournaments, bolstering our hotel occupancy rates and benefitting local restaurants, entertainment venues and retail establishments. Our Tourism, Culture and Development (TCD) staff has also attended several trade shows during this time, including the Rhode Island Bridal Show and the American Bus Association Show in Charlotte, to very positive feedback.
In the past week, we also celebrated the addition of three exciting new ventures in Warwick. The Ocean State Theatre Company staff and cast, joined by a host of local and statewide officials, marked their grand opening with a ribbon cutting prior to their Friday evening performance of Neil Simon's "Fool's." Orange Leaf Frozen Yogurt opened their first Warwick location, at 1000 Bald Hill Rd., offering 18 self-serve flavors in one of the franchise's largest stores in the area. All told, 100 jobs have been created by the yogurt franchise within the five shops they operate in Rhode Island. Massasoit Framing has opened in the northern part of the city, offering quality photography services as well as unique framing options.
Our TCD staff continues to work closely with the Central Rhode Island Chamber of Commerce to promote existing businesses and to assist those looking to expand in or move to our community. The TCD Department offers a website,
www.movetowarwickri.com, which contains a no-cost, searchable commercial property database, accessible for free to businesses and individuals alike. The staff, upon request, will also prepare custom property sheets for companies interested in moving to Warwick, with information tailored to their specific needs.
Warwick's long been known as the "City on the Move." If you're interested in learning more about our community and all it can offer your business or organization, please contact Karen Jedson, director of tourism, culture and development at (401) 738-2000, ext. 6402.
Scott Avedisian is the mayor of Warwick and the chairman of the RIPTA board of directors.
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