Cioe Cos. receives approval for commuter rail station at Wickford Junction SC
The Cioe Companies received unanimous approval from the Town of North Kingstown's Planning Commission to revise its Projects Master Plan to go forward and build a 1,077 car parking garage on a 4-acre site within Wickford Junction. Cioe Cos.' general partner John Cioe and Dept. of Transportation director Michael Lewis presented the project at the public meeting of the Planning Commission. Cioe Cos. and the state of R.I. are nearing an agreement to create a unique public/private partnership which will enable the state to purchase a permanent easement on which to build an 1,077 car parking garage to enter and exit through the shopping center, and to tie into the shopping center utilities to include its private sewerage treatment system. The Cioe Cos. will be involved in the management of the project. Upon completion of agreements with MBTA and Amtrak, the agreement will be finalized.
Once completed, Wickford Junction will provide commuter rail service via the MBTA to the Warwick Intermodal Station at T.F. Green Airport, Providence and Boston.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.