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.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.