$20 million project will restore four downtown buildings, creating more than 100 jobs.
Mayor Angel Taveras joined city, nonprofit and business leaders this morning, along with owner Vince Geoffroy and developer David Corsetti, for a ribbon-cutting and tour of the newly-renovated Providence G Building in the heart of Providence's downtown.
The project, which consists of four formerly-separate buildings - the Providence Gas Building, National Grid addition, Narragansett Hotel Garage, and the soon to be developed Teste Building - is located at 100 Dorrance Street. It will be home to a mixed-use complex that includes three restaurants, a lobby boutique coffee shop, retail spaces, and a 60-car parking garage equipped with an innovative lift. The $20 million development is creating 70 direct jobs in construction and more than 40 permanent full-time positions. Construction is expected to be complete by late October.
"The redevelopment of the Providence G Building shows confidence in our capital city and recognizes the many opportunities that exist here," said Mayor Angel Taveras. "We look forward to this new use of previously vacant, historic architecture, and the lasting economic opportunities it will create for Providence."
The multi-story, energy-efficient building includes a 4,000 square foot venue restaurant; an 8,000 square foot, all-season rooftop restaurant; an 8,000 square foot lower-level pub and dining area; 56 one- and two-bedroom units; a ground-level boutique coffee shop; gymnasium; dry cleaners; and attached 60-space parking garage with innovative lifts.
Forty of the 56 apartments are now occupied, with tenants scheduled to move in to the remaining 16 units by the end of August. The project is expected to be completed and open to the public by late fall.
"It was in recognition of this city's strengths that we decided to develop the Providence G as a premier residential and commercial space," said owner Vincent Geoffroy. "I am very grateful for the immeasurable support from various departments and organizations that have made this success possible, and I hope that the momentum will continue and grow so that Providence reaches the prominence it deserves."
"Providence G is a lifestyle building that caters to young professionals and empty nesters," said developer David Corsetti. "This building offers a hotel living environment for a fraction of the cost."
Architects, engineers, subcontractors, business leaders and public officials took part in the brief ceremony, which was followed by a tour of the multi-floor development.
The team included: Eric Army, architect, Studio Mega; structural engineer Lauren Yoder of Yoder Tidwell (Providence); mechanical engineers from Innovative Design and Construction Systems (Guilford, CT); and electrical engineer R.W. McClanaghan (Warwick, RI). The project also garnered support from the Providence Foundation and the Providence Preservation Society.
"The Providence G is an example of the energy and forward-thinking development occurring in our capital city," said Economic Development Director James S. Bennett. "This development is a welcome addition to Providence."