{"id":1004074649,"date":"2013-05-22T18:35:40","date_gmt":"2013-05-23T02:35:40","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=126970"},"modified":"2025-02-19T02:56:21","modified_gmt":"2025-02-19T10:56:21","slug":"kettle-point-wins-key-city-vote-omni-group-plans-5m-federal-hill-office-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kettle-point-wins-key-city-vote-omni-group-plans-5m-federal-hill-office-project\/","title":{"rendered":"Kettle Point Wins Key City Vote; Omni Group Plans $5M Federal Hill Office Project"},"content":{"rendered":"<p class=\"MsoNormal\"><em><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/Kettle-Point.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-126976\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/Kettle-Point.jpg\" alt=\"\" width=\"300\" height=\"190\"><\/a>by Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The East Providence Waterfront Commission has unanimously approved a $75 million residential community proposed for Kettle Point, <\/span><a href=\"https:\/\/eastprovidence.patch.com\/articles\/kettle-point-housing-development-gets-approval-from-waterfront-board\" target=\"_blank\" rel=\"nofollow noopener\"><em><span lang=\"EN-US\">East Providence Patch<\/span><\/em><\/a><span lang=\"EN-US\"> reports. Churchill &amp; Banks, the project\u2019s developer, could break ground this fall on the 407-unit project, which will be located on a 40-acre brownfield site owned by BP Corp.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Plans call for 276 rental units and 131 for-sale residences in formats ranging from townhouses and duplexes to single-family home. Designed by Providence-based architect Don Powers of Union Studio, the development will incorporate abundant open space and direct access to the waterfront. State transportation, environmental and coastal resources agencies must sign off on the project before Churchill &amp; Banks can start construction.<\/span><\/p>\n<p>In other development news, Omni Group Inc. has acquired the long-vacant CJ Fox factory complex in Federal Hill near Interstate 95 for $1.6 million. According to <em><a href=\"https:\/\/pbn.com\/Omni-grows-presence-on-Fed-Hill,88562?page=1&amp;\" target=\"_blank\" rel=\"nofollow noopener\">Providence Business News<\/a><\/em>, the company will invest an additional $5 million in the project, which will comprise 48,000 square feet of Class A office space and 178 parking spaces on the 2-acre parcel and will be renamed One Cedar Street.<\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"> \u201cWe are committed to the neighborhood, so we will grow as the neighborhood allows,\u201d Omni principal William DiStefano Jr. told the newspaper. \u201cWe didn\u2019t have a master plan; it just worked out, and we loved the neighborhood and area. We are pro-Providence, and we think it only has one way to go: up.\u201d<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Upon completion, the four-story, red-brick building is expected to rent for about $21.50 per square foot. Besides the One Cedar Street site, Omni owns nine other commercial buildings in Federal Hill.&nbsp;<\/span><span lang=\"EN-US\">&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\"><em><span lang=\"EN-US\">Rendering:&nbsp;Union Studio\/Churchill &amp; Banks<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The East Providence Waterfront Commission has unanimously approved a 407-unit, $75 million residential community planned for Kettle Point, the East Providence Patch reports. Before construction can start, three state agencies including the transportation, environmental management, and the Coastal Resources Management Council are scheduled to review the project.<\/p>\n","protected":false},"author":260,"featured_media":1004507282,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004074649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kettle Point Wins Key City Vote; Omni Group Plans $5M Federal Hill Office Project - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kettle-point-wins-key-city-vote-omni-group-plans-5m-federal-hill-office-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kettle Point Wins Key City Vote; Omni Group Plans $5M Federal Hill Office Project\" \/>\n<meta property=\"og:description\" content=\"The East Providence Waterfront Commission has unanimously approved a 407-unit, $75 million residential community planned for Kettle Point, the East Providence Patch reports. Before construction can start, three state agencies including the transportation, environmental management, and the Coastal Resources Management Council are scheduled to review the project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kettle-point-wins-key-city-vote-omni-group-plans-5m-federal-hill-office-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-05-23T02:35:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-19T10:56:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Kettle-Point.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kettle-point-wins-key-city-vote-omni-group-plans-5m-federal-hill-office-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kettle-point-wins-key-city-vote-omni-group-plans-5m-federal-hill-office-project\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Kettle Point Wins Key City Vote; 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