Developer · RI · Member since 2014 · 19 posts · 5 votes
Hey BP RI Community!
I am redeveloping an old, practically abandoned, building in the Heart of West End, Providence, into a neighborhood plaza. Plans are about ready for plan review and things are getting excited! Who here owns property in the area? I'd love to chat!
@Jerry Batista, I've looked at a few things in that area but most of what I looked at was overpriced (for me anyway).
It was a shame because I like the area and I think it has good potential. If I owned there now I'd definitely hold onto it, and I'm still hopeful that something will come across my plate in that area where the #s work.
And keep us updated on your redevelopment project of course!
@Jerry Batista, I've looked at a few things in that area but most of what I looked at was overpriced (for me anyway).
It was a shame because I like the area and I think it has good potential. If I owned there now I'd definitely hold onto it, and I'm still hopeful that something will come across my plate in that area where the #s work.
And keep us updated on your redevelopment project of course!
Hey @Jerry Batista, I own on a multi on Federal Hill. Not technically the West End but close. Sounds interesting what you are doing, would love to know more.
@Jerry Batista, I've looked at a few things in that area but most of what I looked at was overpriced (for me anyway).
It was a shame because I like the area and I think it has good potential. If I owned there now I'd definitely hold onto it, and I'm still hopeful that something will come across my plate in that area where the #s work.
And keep us updated on your redevelopment project of course!
Great potential! Looking forward to seeing this area grow.
Hey @Jerry Batista, I own on a multi on Federal Hill. Not technically the West End but close. Sounds interesting what you are doing, would love to know more.
Thanks Christian! The Project is located by Bucklin Park. With Westfield Lofts and Room & Works down the street, It's a matter of time till more people start developing the area.
Fed Hill has been doing really well the last few years. The area has become very attractive to young renters looking for the convenience of all the bars and restaurants. Definitely starting to become competitive to find properties.
@Jerry Batista, Hi Jerry, I'm interested in Federal Hill but also haven't found something yet to make the numbers work. I'll also consider the wider area around it potentially. What kind of restaurants will you be trying to attract to your project?
Sounds like a great project! Congrats and best of luck with it.
@Christian Allen, congrats for getting into Fed Hill already! If you don't mind sharing, are your renters all working in Providence or do some commute further afield?
Fed Hill has been doing really well the last few years. The area has become very attractive to young renters looking for the convenience of all the bars and restaurants. Definitely starting to become competitive to find properties.
Agreed! Fed Hill has always had that charm. Good luck with everything!
@Jerry Batista I am based out of Boston but have purchased 5 buildings on Federal Hill over the past two years and like the area. Best of luck and let me know if I can be of any help
@Brandon Ingegneri Do you use Trulia's crime rate map when looking for properties in West End neighborhood or do you use the vibes approach doing drive by, block by block? I know Parade st is in green on Trulia's map but many other streets are in red. Would you invest in a red section?
I just know the neighborhoods from being a city kid. Plus I know a ton of cops and firefighters in Prov, so I stay in the loop. I don’t know what areas are red on your map so it is difficult for me to say. More likely than not though, I can identify an area that has potential that someone not from the area may be scared of, and I’ve turned people away from deals in what they thought were good areas. My livelihood depends on my knowing these pockets within neighborhoods.