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Village on the Waterfront/Chevron
Chevron has entered into a cooperative agreement with Providence Realty Partners LLC to transform Chevron's former light products terminal on Veteran's Memorial Parkway into a mixed-use community called "Village on the Waterfront." The 26-acre site will have approximately 600 residential units contained in townhomes, condominiums and apartments with 40,000 sf of commercial uses, including a restaurant, shops, office space and a fitness center. There will also be a kayak beach and rental store that will be open to the public, along with all open space, trails, and a proposed fishing pier. The project will be constructed in five phases over nine years. Waterfront Drive will be extended south through the site, as will a spur to the existing East Bay Bike Path.
Village on the Waterfront received unanimous approval from the Waterfront Commission in the summer of 2009. The development team is currently seeking permits from the CRMC, RIDEM, RIDOT and other State and Federal agencies. Construction of Phase I is anticipated to begin in 2010 for completion in 2011. VOTW is also applying for assistance from the City through developer-backed Tax Increment Financing (TIF).
