Parcels 2/3 at Centre of New England

About Parcels 2/3 at Centre of New England

Cushman & Wakefield has been engaged by Starr Capital LLC to arrange for the sale or joint venture development of Parcels 2 & 3 at the Centre of New England (the “Property”), a 4+ million square foot mixeduse master planned community located immediately off I-95 in Coventry, Rhode Island. Totaling 58.5 +/- acres, the Property has master plan approvals in-place for up to 362 residential housing units, which can be forsale or rental (built-to-rent / single-family rental). The approvals allow a wide variety of building types, styles, sizes and configurations, including duplex, triplex, townhome, flats and single-family homes. The Property presents a sizable opportunity to capitalize on the strength and momentum of today’s housing market in a prime location just 20 minutes south of downtown Providence, RI.

Located 15 miles south of downtown Providence, 15 minutes south of Rhode Island’s TF Green International Airport and situated between two I-95 interchanges, the Centre of New England is an exceptionally convenient location that is well suited for residential and commercial development. The Centre of New England offers a variety of shopping amenities, including Walmart, BJ’s, Home Depot, as well small shops and many restaurants. In addition, the Centre of New England is home to multiple hotels, independent and assisted senior living facilities, and residential communities offering both home ownership and rental apartments. The property surrounds an 80-acre ecological preserve area that offers a serene environment ideal for the residential neighborhoods.

The Property’s location within the Centre of New England presents a unique opportunity to capitalize on the impressive area amenities as well as incredible commuter access to Providence and Newport, Rhode Island’s major resort and employment hubs. For families, Coventry offers residents one of the top-rated school districts in the state. In addition to all Coventry has to offer, the neighboring town of West Warwick offers a thriving commercial district and is home to innumerable dining, shopping and entertainment options. Residents benefit from these nearby amenities while having direct access to I-95 to easily travel throughout Rhode Island and surrounding states.

Process & Pricing

The property is available on an “as-is” basis and is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering materials and access to additional due diligence information. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a “Call for Offers”.