Parade Street - Rhode Island Commerce

Parade Street

Project

Parade Street is the conversion of former Park View Nursing Home into a 4-story, market-rate rental apartment building with twelve apartments. Building will provide a housing type which is in limited supply on the West Side of Providence: market rate and handicapped accessible with elevator—ideal for a population that would like to age in place in a walkable neighborhood. The existing buildings originally constructed as residential townhouses facing the Dexter Street Training Ground, one of the best used parks in the City. The project will have a total floor area of approximately 24,000 square feet, including the new rear addition and has an expected total project cost of $5.052M.

Approved Incentive

The Sponsor has requested up to a maximum of $1,000,000 in Rebuild Rhode Island Tax Credits and Sales and Use Tax reimbursement.

Sponsor Description

The Applicant is a partnership of Mark Van Noppen and Seth Zeren. Mark Van Noppen co-founded The Armory Revival Company in 1986. Over its history, The Armory Revival Company renovated or constructed hundreds of apartments and developed hundreds of thousands of square feet of commercial office, neighborhood retail, and artist and fabricator space. Seth Zeren has worked in urban planning and development since 2010. He has extensive experience managing complex redevelopment, permitting, construction and leasing projects.

Additional Documentation

Board Resolution icon-pdf
Economic Impact Analysis icon-pdf
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