With prime access to regional and national transportation and exceptional coastal amenities, City Centre Warwick offers a development opportunity that you won't find anywhere else. The site embraces 95 acres built in and around Green Airport, Warwick Rail Station, InterLink and Interstate Routes 95 and 295. Embedded within a sustainable walking community will be a dense, mix-use of commercial, office, hospitality and residential space. Offering something for everyone, City Centre Warwick creates an urban experience that is active, affordable and attractive to business development, employers and residents alike.
With a cohesive identity on a local, regional and national level, City Centre Warwick and Rhode Island will attract complementary public and private investment, increasing consumer usage of transit amenities, while making the state more economically competitive in a compact Northeast market. The ultimate goal is to create a diverse, pedestrian-friendly, sustainable, mixed use community, that offers quality jobs and sustainable business growth opportunities for all Rhode Islanders.
The vision and goal of City Centre Warwick is to revitalize and redefine the approximately 95 acres of land which comprises the district. We strive to create an attractive neighborhood center with vibrant public spaces that will serve as an engine of economic growth and vitality in the region.
News
TOTAL ITEMS 223
Jul 28, 2016 | PBN/WalletHub
By Lori Stabile
PBN Web Editor
Twitter: @loristabile
WARWICK – Warwick is one of the best-run cities in the Unites States, according to a study by WalletHub.
The personal finance website this week compared the 150 largest cities in America to determine how well they are managed by their leaders.
Jul 12, 2016 | RINPR
Airport officials, lawmakers and local elected officials attended a ground-breaking ceremony Monday for a planned runway expansion at T.F. Green Airport. The expansion is aimed at attracting more airlines and more nonstop flights to the Ocean State.
Jul 12, 2016 | RINPR/The Bottom Line
Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment, The Bottom Line.
This week, Mark and Dave speak with Warwick Mayor Scott Avedisian, for an update on Warwick’s "City Centre" development.
The conversation centers on new facilities under construction in Warwick, including a new hotel, the need for tax stabilization agreements to draw in companies, and T.F. Green Airport, which Avedisian describes as the plan’s economic engine.
When to listen:
You can hear The Bottom Line each Friday at 5:50 p.m.
Jul 07, 2016 | Warwick Beacon/John Howell
With Commerce RI board approval Monday of about $5.2 million in state incentives for construction of a 120-room Hyatt Hotel, Mayor Scott Avedisian is hopeful of two and possibly three additional projects eligible for the program in City Centre Warwick. The hotel, which would be the first of several developments on the eight-acre D’Ambra Construction headquarters and former asphalt plant site on Jefferson Boulevard, gained city approvals eight years ago. President Michael D’Ambra envisioned the development as comprising the hotel at the north end of a block of office buildings also containing some retail space. But the Great Recession and the state’s slow recovery put a damper on the plan, as it has on other projects within City Centre.
Jul 07, 2016 | Warwick Beacon
SATA Azores Airlines was back at Green Airport with weekly service through the summer, with the prospect of year-round weekly service if the demand is there next year.
Jun 28, 2016 | Providence Journal/Kate Bramson
PROVIDENCE, R.I. — D'Ambra Construction Co., Inc., won approval Monday night for its requested $5.3 million in state economic incentives to help cover the $24 million costs to build a Hyatt Place hotel near T.F. Green Airport in Warwick’s City Centre neighborhood. For a 120-room hotel at 800 Jefferson Blvd., the Rhode Island Commerce Corporation approved: Up to $3.5 million under the statewide tax-increment financing program, which will return a portion of taxes collected from the hotel back to the developer; about $1.4 million in Rebuild Rhode Island tax credits, to be granted once the project has a certificate of occupancy; and up to $400,000 in a sales-tax exemption on construction materials.
Jun 28, 2016 | PBN/MARY MACDONALD
The upscale hotel will be operated as a Hyatt Place and will include 120 rooms marketed to business travelers.
The development, which could break ground by December, is part of the City Centre Warwick footprint in Warwick, a mixed-use zone that city leaders have tried to develop for several years.
Jun 22, 2016 | PBN/MARY MACDONALD
RHODE ISLAND'S HOUSING MARKET continues to recover, according to the Rhode Island Association of Realtors, with significant increases in median home price and sales for single-family homes in May.
Jun 06, 2016 | Warwick Beacon/John Howell
The Rhode Island Airport Corporation has voted to exercise its option to buy the Laz Fly parking lot for $3 million. The land would be resold with a deed restricting preventing its use for off-airport parking.
May 06, 2016 | Warwick Beacon/Tax Sabilization Agreement
15-Year Tax Stabilization Agreement approved by City Council.
By John Howell
Sometimes all it takes is a little extra boost to get across the goal line.
Michael D’Ambra believes the action the City Council took Monday night could be just what’s needed to bring a Hyatt Hotel to Warwick City Centre.
The hotel would be the first step to a multi-use development D’Ambra proposed for eight acres on Jefferson Boulevard more than seven years ago. But then the economy took a nosedive, and the proposal for 540,000 square feet of office and retail space and a hotel never went any further than gaining the required city approvals.
It’s not that D’Ambra, the president of D’Ambra Construction, hasn’t tried to find prospective tenants or prepared for the day when work would begin. The asphalt plant once located on the site has been relocated to Johnston, although offices for the company that specializes in sewer and road construction is still on the site adjacent to the Interlink and the commuter rail station. It’s on that northerly end of the property where D’Ambra plans to build a 120-room hotel with a skywalk connecting it to the Interlink and Green Airport.
The boost that quite possibly will take the project from the drawing boards to financing and construction is the tax stabilization agreement (TSA) unanimously approved by the City Council. Under the agreement applying to the 111 acres of the City Centre intermodal zone, new developments of $5 million or more would have the increased appraisals of the property phased in over 15 years. During the first five years the “base” appraisal of the property as set before new construction would be locked in. Over the next 10 years, the new and higher value of the property would be phased in at the rate of 10 percent a year.
Under the current commercial tax rate, the TSA would generate a tax savings to the property owner of almost $1.5 million for each $5 million of new development over 15 years. TSAs would be approved by the city tax assessor and would apply to new development only.
“It’s certainly going to make it easier,” D’Ambra said when asked what the TSA could mean for him.
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