Providence, RI Upon final demolition of the Fogarty building in downtown, construction of a new high-rise hotel has begun. Owner of the property, Procaccianti Companies, Inc., says they bought the vacant city-owned half-acre property about a decade ago due to its central location.
“We recognized the property as a strategic location for any use, really,” said Michael Voccola, corporate vice president of Procaccianti Companies, Inc.
The location, opposite the Rhode Island Convention Center and nearby the Dunkin’ Donuts Center and other hotels, is situated right off I-95 allowing for ease of access for those traveling to the Creative Capital.
“Over the years, the demand for hotels in Providence has grown exponentially for several reasons including more events at the Convention Center, cultural attractions like WaterFire, concerts, and sporting events,” said Voccola.
The new 19,380 s/f, nine-story hotel will be comprised of 176 rooms. It will include a fitness center, small meeting rooms, Wi-Fi areas, a lobby and plenty of off-street parking.
It also includes an attached, single-story retail space ideal for restaurant use.
“We’ve been speaking with a number of high-end restaurants interested in the space,” said Voccola.
The team, made up of AVID Engineers, DiPrete Engineering, Gilbane Building Company, and Vision 3 Architects, is currently finalizing exterior foundation walls and pilings so that they can begin vertical construction in the next 30 days. The hotel’s exterior has been designed to aesthetically fit the fabric of the surrounding area.
“This redevelopment is very exciting,” said Jason Clough, senior project engineer/project manager at DiPrete Engineering. “With the growing demand for lodging in Providence, this new Residence Inn is a prime location for both tourists and people traveling for business.”
The Residence Inn by Marriott is projected to open by spring of 2019.