Parcel 9 Phase II is a proposed new construction 61-unit mixed-income building in Providence, Rhode Island. The first phase of Parcel 9, a 66-unit mixed income and mixed-use building (a 9%/4% twin structure) was completed on budget and within two months of schedule in September 2024. The combined 1.1-acre site for Parcel 9 in the Fox Point neighborhood of Providence is the easternmost parcel of a 26-acre district in the City’s downtown and adjacent neighborhoods was freed for redevelopment via the relocation of Interstate 195 in 2011. The City of Providence’s I-195 District Redevelopment Commission selected Pennrose as the designated developer of Parcel 9 as part of a public RFP process in October 2020. Combined, the two-phase Parcel 9 project will create a total of 127 mixed-income apartments as well as ground floor retail and community facility space occupied by a childcare center in the first phase.
The Parcel 9 Phase II building will be a 5-story elevator building with 61 apartments, including 13 units targeted at 30% AMI, 2 units at 50%, 21 units at 60%, 15 units at 120%, and the remaining 10 units at market. Building amenities will include a 16-space parking garage, secure bicycle storage, intercom entry and video surveillance, on-site management offices, a community room, a fitness center, two roof decks and a courtyard shared with phase I. Well-equipped units will include washers and dryers, fully equipped kitchens including dishwashers and garbage disposals, balconies and patios. Market rate units will include enhancements to provide a competitive advantage in the Providence rental market, including six “one-bedroom + den” units, which are larger than a standard one-bedroom and provide more flexible space, and one one-bedroom unit and two two-bedroom units with townhouse-style entrances off the street versus off a common interior corridor and will provide landscaping and a private stoop at the units’ entrances. Of the 61 units, 17 will be subsidized. There will be 8 units subsidized via Section 8 PBVs and 9 units via the Housing Production Fund Extremely Low-Income Operating Reserve (HPF-ELI).
