661 Park Ave

Horvath & Tremblay is pleased to present 661 PARK, a tremendous opportunity to develop a multifamily residential community in Cranston, Rhode Island. The property has been conceptually deigned to accommodate the development of 75 surfaced parked multifamily units adjacent to Interstate 95 less than 4-miles from Downtown Providence. Aside from the property’s direct access to Interstate 95 the property also benefits from its direct proximity to TF Green International Airport providing more than 100 direct flights daily with locations ranging from Florida to Denver (Midwest) and the Mid-Atlantic to Los Angeles. Also in direct proximity to the property are a few other critical transportation corridors including Rhode Island Routes 2 and 10, all of which lead into Downtown Providence and beyond. The City of Cranston is in the midst of a dynamic revitalization spurred mainly by the pro-growth culture adopted by City officials. Cranston’s Smart Growth Master Plan has created an inviting and efficient process for developers to achieve not only approval of projects, but increased optionality for special exception uses and variances to current zoning. In the coming years, opportunities to find a surface-parked, multifamily development sites, such as 661 PARK, will become increasingly more difficult.