PARCEL 6 DEVELOPMENT PROPOSAL I-195 REDEVELOPMENT DISTRICT MAY 2019 truth box ARCHITECTS D+P Real Estate AND Truth Box, Inc.
D+P REAL ESTATE & TRUTH BOX INC A PROVIDENCE BASED TEAM WITH A LOCAL PORTFOLIO AND EXPERTISE. COMMITTED TO SUSTAINABLE DEVELOPMENT IN OUR COMMUNITY AND CITY PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
THE BOX OFFICE PVD - OUR HEADQUARTERS 12,000 SF COMMERCIAL DEVELOPMENT - 12 UNITS FROM RECYCLED SHIPPING CONTAINERS PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
45 POP LOFTS & 125 MIDWAY CRANSTON RI RENOVATION AND NEW CONSTRUCTION 49 UNITS ACROSS TWO BUILDINGS PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
101 HILLSIDE EAST SIDE, PROVIDENCE RI RENOVATION - 22 UNITS PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
SUSTAINABILITY UNITES ALL OUR WORK PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
URBAN GREENS & 95 CRANSTON RESIDENCES PROVIDENCE RI NEW CONSTRUCTION 9,000 SF GROCERY CO-OP & 30 UNITS OF WORKFORCE AND AFFORABLE HOUSING. PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
SUPPLY BOOM OF LUXURY RENTALS, MICRO-LOFTS, AND PRIVATE STUDENT HOUSING PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
MEDIAN HOUSEHOLD INCOME (2017) - PROVIDENCE, RI * Source: DataUSA:Providence, RI SHARE "The Missing Middle" 14% Workforce Housing 80%-120% AMI Very Low Income Low Income Market Rate 12% deep subsidies required served by LIHTC & Should not need including capital cost and Other capital cost subsidy operating cost subsidies subsidy programs 10% 8% 6% 4% 2% 0% $10K- $15K- $20K- $25K- $30K- $35K- $40K- $45K- $50K- $60K- $75K- $100K- $125K- $150K- $200K- <$10K $15K $20K $25K $30K $35K $40K $45K $50K $60K $75K $100K $125K $150K $200K $250K INCOME THE “MISSING MIDDLE” PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
COMPETETIVE MARKET - RENTAL RANGE CHART *101 Hillside is owned and managed by the Sponsor **LIHTC (Low Income Housing Tax Credit) Rents shown for reference only RENT PER MONTH $4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 BRs S 1 2 S 1 2 S 1 2 S 1 2 S 1 2 S 1 2 S 1 2 RIVERHOUSE STATION ROW 95 LOFTS PROVIDENCE G 101 HILLSIDE* PROPOSED LIHTC RENTS PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
BUILDING 01 - MIXED-USE GROCERY BUILDING 39,000 SF TOTAL / 5-STORIES 13,000 SF TOTAL 1ST FLR: RETAIL & OFFICE 2ND-5TH FLR: APARTMENTS 1ST FLR: GROCERY BUILDING 02 - MIXED-USE 15,000 SF TOTAL / 4-STORIES 1ST FLR: MICRO-OFFICE & STUDIOS 2ND FLR: PARKING 3RD-4TH FLR: APARTMENTS PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
GROCERY 1 0 G N I D L I U B BUILDING 02 PROGRAM SUMMARY TOTAL GROSS SF: 67,000 SF ANCHOR RETAIL 13,100 SF RESIDENTIAL UNITS 49 TOTAL ON-SITE PARKING 162 SPACES RETAIL / OFFICE 7,000 SF STUDIO 19 STREET PARKING 19 SPACES MICRO-OFFICE / STUDIO 2,900 SF 1-BEDROOM 26 2-BEDROOM 4 *50% TO BE WORKFORCE HOUSING (80-120% AMI) PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
SCHEMATIC SECTION PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
FIRST FLOOR PLAN (LOWER LEVEL) PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
SECOND FLOOR PLAN (UPPER LEVEL) PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
UPPER FLOORS PLAN PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
VIEW ALONG SOUTH MAIN STREET PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
QUESTIONS? PARCEL 6 DEVELOPMENT PROPOSAL D+P Real Estate AND Truth Box, Inc.
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