PRESWERX TRENDS OF RHODE ISLAND

Eastern Bank has led the $31 million construction financing for Wood Partners’ Alta Altitude, a 214-unit luxury apartment project in Warwick, Rhode Island. This marks Wood Partners’ first development in Rhode Island and Eastern Bank’s ninth multifamily construction loan for the company. Alta Altitude opened in Q3 2025 within the 95-acre City Centre master plan. - The project is 100% market-rate and part of a larger mixed-use development including office, retail, hotel, and commercial space. - Eastern Bank’s team included senior commercial real estate executives supporting the financing. This financing highlights continued growth and investment in Rhode Island’s multifamily construction sector. Read more: https://lnkd.in/ee4UyNp3 #PRESWERX #RhodeIslandConstruction

Olivia Beauregard, owner of Beauregard Built LLC, has transitioned from a Providence firefighter to leading a design-build firm specializing in residential and commercial new construction and renovation. Her firm recently took on its largest project yet: a high-end six-house community in Lincoln, Rhode Island. - Beauregard Built offers comprehensive design-build services, evolving from its original Studio 29 LLC name. - Olivia’s architectural design background from Rhode Island School of Design supports her hands-on approach to construction and renovation projects. Her journey highlights the dynamic nature of the construction industry and the value of combining design expertise with building execution. Read more: https://lnkd.in/eKK39Wn7 #PRESWERX #RhodeIslandConstruction

Construction has begun on the Bellevue Hotel, a new boutique hotel rising on a historic Gilded Age site in Newport. - The project marks a significant addition to Newport’s hospitality and construction landscape. - The development is led by Procaccianti Companies with design by Centerbrook Architects. This project highlights ongoing growth and investment in Rhode Island’s construction and architectural sectors. Read more: https://lnkd.in/eDqFZaRm #PRESWERX #RhodeIslandConstruction

Cold-Link Logistics has begun construction on a 65,000-square-foot expansion of its cold storage facility in North Kingstown, Rhode Island, increasing the total building size to 129,000 square feet. The project includes adding freezer space, 13,500 new pallet positions, three loading docks, and a new fire protection system, with completion expected in early 2027. - Expansion enhances cold storage capacity and operational infrastructure - Incorporates significant new loading and safety features This expansion reflects ongoing growth in industrial construction and cold storage infrastructure in the region. Read more: https://lnkd.in/eApqCvAj #PRESWERX #RhodeIslandConstruction

Site work for The Bellevue, a 90-room luxury boutique hotel in Bellevue Gardens Plaza, Newport, will begin June 1. The phased construction starts with installing new water lines and stormwater management systems, with the retail plaza and parking lot remaining open during the process. - Construction fencing and staging areas will be set up at Bellevue Avenue and Jones Street. - Flaggers will manage pedestrian access and parking throughout construction. - The project includes underground parking and aims to enhance the pedestrian experience. The Bellevue Hotel development is carefully planned to minimize disruption while bringing upscale accommodations to a historic area. Read more: https://lnkd.in/eF7qwFDp #PRESWERX #RhodeIslandConstruction

Eastern Bank has provided a $31 million construction loan for Wood Partners’ Alta Altitude, a 214-unit luxury multifamily housing development in Warwick, RI. The project, located in Warwick’s City Centre district, features high-end amenities and opened in Q3 2025. - This marks Eastern Bank’s ninth multifamily construction loan for Wood Partners and their first in Rhode Island. - Alta Altitude supports the revitalization of Warwick’s City Centre, a major mixed-use development area. This financing highlights ongoing investment in luxury multifamily construction and urban development in Rhode Island. Read more: https://lnkd.in/eGc6xFDx #PRESWERX #RhodeIslandConstruction

A new eight-unit townhouse-style condominium development, Warren Row, has been completed at 59 Warren St. in Providence’s West End. The project features modern, energy-efficient systems and was developed by Knight & Swan LLC in collaboration with Freecell Architecture. - Each unit includes three bedrooms, 2.5 bathrooms, and about 1,585 sq ft of living space. - The homes incorporate solar installations, fully electric heating and cooling, energy recovery ventilators, and EV charging stations. - The design emphasizes contextual architecture aligned with the Rhode Island School of Design to complement the neighborhood. Warren Row represents a significant new-construction project enhancing Providence’s West End with sustainable, thoughtfully designed residences. Read more: https://lnkd.in/exJqAq4B #PRESWERX #RhodeIslandConstruction

North America’s Building Trades Unions and Bechtel have partnered to modernize nuclear construction apprenticeship programs amid rising power demand driven by AI and electrification. This initiative supports training for both traditional and small modular nuclear reactors, aligning with evolving construction methods and strict safety standards. - Utility and gas construction starts increased 59.3% in the year ending February 2026. - Electric power and utility construction surged over 350% month-over-month in March due to mega-projects. - The program emphasizes AI as a tool to support skilled craft labor on increasingly digital jobsites. This partnership highlights significant growth and innovation in the power construction sector, preparing the workforce for future nuclear projects. Read more: https://lnkd.in/e7hD9NhF #PRESWERX #RhodeIslandConstruction

Global Asset Management Group (GAMG) is advancing a $92 million redevelopment of the former Memorial Hospital campus in Pawtucket, Rhode Island, transforming it into a mixed-use community with a focus on affordable and veteran housing. The project includes approximately 200 residential units alongside retail, healthcare, and wellness amenities. - The redevelopment involves a $12 million acquisition and $45 million in construction and redevelopment costs. - The 386,404-square-foot adaptive reuse project leverages existing infrastructure to create a modern, amenity-rich multifamily environment. - The project aims to generate about $7.8 million in annual stabilized cash flow upon completion. This large-scale adaptive reuse project highlights significant construction investment and urban revitalization in Rhode Island. Read more: https://lnkd.in/gePfNiTY #PRESWERX #RhodeIslandConstruction

Windmoeller & Hoelscher has completed a major expansion of its North American headquarters in Rhode Island, doubling warehouse capacity and significantly increasing office space to support growth. The two-year construction project included sustainable features such as solar power installation funded by federal and state grants. - The expansion enhances spare parts inventory and delivery capabilities for packaging machinery customers. - The facility now accommodates a 20% workforce increase with improved workspaces focused on employee comfort and productivity. - Construction partners included Rhode Island-based Vision 3 Architects and Vonsol Construction. This project highlights a successful blend of operational growth and sustainability in construction. Read more: https://lnkd.in/g7-vhjf6 #PRESWERX #RhodeIslandConstruction