Recent comments in /f/providence

dilly-dilly- t1_isz3am1 wrote

In that last slide of their public hearing, are we really moving kenndy plaza to have a parking lot replace that area? I had heard a few rumors it was either going to be like restaurants or they were going to expand the park. A private parking lot would be about the last thing that is needed smack in the middle of the city.

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cowperthwaite OP t1_isyos6f wrote

"Also by comparison, the Regency Plaza apartments on Washington Street range in price from $1,350 to $1,840 for a studio, $1,495 to $2,355 for a one-bedroom, $2,195 to $4,600 for a two-bedroom and $2,390 to $3,245 for a three-bedroom."

From a story on apartments on Atwells:

https://www.providencejournal.com/story/news/local/2022/10/14/21-apartment-units-planned-386-atwells-ave-demand-pushes-projects/10476256002/

According to a listing from realtor.com, at least one of the one-bedroom apartments in the building on Hewitt Street, at 432 square feet, is being rented for $1,825 a month.

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Locksmith-Pitiful t1_isyomn4 wrote

> I hate to be the bearer of bad news, but rent everywhere is never going to get cheaper unless a city becomes a dump. There’s other things that need to be fixed instead.

It may absolutely get more affordable (cheaper, even) if we stop fighting against progress. Too many news articles showing residents against affordable housing, making RIPTA free, complaining about new vehicle and housing incentives, etc.

The only thing here that needs to be fixed is likely education because RI'ers are fucking naïve. Constantly fighting against their best interests.

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sandsonik t1_isynlg8 wrote

You're wrong. $1384 is the price for a studio in one of the small number of units that will be set aside for affordable housing. The market rate for that 400-600 sf studio will be over $2000. $1384 for a studio isn't particularly affordable, IMO.

But worse, it re-sets the pricing bar for all other landlords. Expect $2000k+ to be the new norm for a one bedroom in PVD.

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Locksmith-Pitiful t1_isymqsq wrote

"Retail space would make up 27,000 square feet of space, the grand banking hall space another 26,000, and the amenity space for the residential units would take up 72,000 square feet.

The proposed market would vary widely, depending on size:

Studio: $2,071 to $2,289

One bedroom: $2,616 to $3,052

Two bedrooms: $3,706 to $4,142

Three bedrooms: $4,796 to $5,287"

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TheSausageFattener t1_isylmsl wrote

Its been unable to attract a tenant due to a chicken and egg situation where the current owner has no interest in renovating the structure to attract said tenant. The owner has basically been stringing the state and city along using the prominence and cultural significance of the building as a bargaining chip to force them to subsidize the renovations.

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UncleJimmee t1_isyjehb wrote

Not in pvd but take the ride down to Charlestown. Go to the umbrella factory there's a shop there run by a Narragansett guy who makes jewelry out of quahog shells. One of the most interesting people you'll meet in Rhode Island. I think there was a documentary about him. I'll see if I can find it.

edit the guy's name is Allen Hazard and the shop is the Purple Shell. use your fav search engine there's an article about him and the shop. and a utube video on ri pbs. and another on Insider utube channel.

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ggill1313 t1_isygic8 wrote

Yeah, $2k a month is doable for my household, but we bought a condo in Pawtucket instead, because we didn’t feel that anything else we were looking at was “worth” what they were asking - either to rent or to buy. But we got a great deal on this condo, which in my same building, some renters are paying ~$1,700/month for a single bedroom. In Pawtucket.

I know I’m quite privileged, I fully concede that, but I’m failing to appreciate how $2k/month in the heart of downtown PVD, in one of the most historic and iconic buildings, is being met with such ire. That was always going to be expensive. Frankly, the fact that, even if it’s just a studio, it will be close in price to some rentals in Pawtucket is impressive.

I’m all for affordable housing, but the lack of housing is what’s pushing up prices for everyone. Folks who make six figures are competing with folks making less than half that. Want that to change? Give people who are making six figures somewhere else to go.

Now, if you’re upset that folks living adjacent to poverty aren’t able to afford this location and historical significance, then I don’t know what to tell you.

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