- Carpionato Group is bullish on Rhode Island
Carpionato Group is bullish on Rhode Island
coverage, June 11, 2018
From repurposing former Benny’s sites to building new business hotels and wet-lab space, Carpionato Group is bullish on Rhode Island
By Mary MacDonald
June 8, 2018 6:30 am
COMPELLING DEVELOPMENT: The Row at College Hill is a mixed-use development proposal by Carpionato Group to build on parcels 2, 5 and 6 on the East Side of Providence in the Interstate 195 Redevelopment District, which would include 203,000 square feet of medical and wet-lab space and incidental office space, a business hotel with meeting space and restaurants. / COURTESY CARPIONATO GROUP
As president and chief operating officer of Carpionato Group LLC, Kelly Coates has had a more visible role this year as the commercial-development and management company has pursued high-profile projects.
Carpionato owns the Chapel View mixed-use retail center in Cranston, the Crowne Plaza Providence-Warwick and numerous other mixed-use and residential locations in southern New England.
Within the past six months, the Johnston-based company has announced its purchase of all the Benny’s locations in Rhode Island, Connecticut and Massachusetts, as well as the site of the Newport Grand Casino, which will be redeveloped.
The company has also made a proposal to the I-195 Redevelopment District Commission to develop three of its prominent parcels on the East Side of Providence, a project location that has drawn competition from two other developers and will be subject to review through the summer...
NEW LIFE: Kelly Coates is the president and chief operating officer of Carpionato Group, which recently purchased all 29 of the Benny’s locations in Rhode Island, Massachusetts and Connecticut for redevelopment. Coates says the new tenants will include dollar stores, auto-parts stores and hardware stores focused on the value shopper, with the first slated to open in early December. / PBN PHOTO/RUPERT WHITELEY
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