Pictured from left to right: Councilwoman Sabina Matos, Providence City Council; Bill Janes, Managing Partner, Iron Point Partners; Mayor Jorge Elorza, City of Providence; Eryn Holloway; Gary Holloway Jr., President, GMH Capital Partners; Governor Gina Raimondo, State of Rhode Island; Stefan Pryor, Rhode Island Secretary of Commerce; Daniel Cramer, COO, Wexford Science & Technology; Les Hiscoe, CEO, Shawmut; Ron Simoneau, Vice President, Shawmut.
Shawmut joined GMH Capital Partners, Wexford Science & Technology, and the State of Rhode Island on Thursday, June 20th for a ribbon cutting ceremony at the Innovation and Design District’s all-new River House, a 153,000-square-foot waterfront community providing luxury residences for university students, young professionals, and families in the area.
Designed by architect Spagnolo Gisness & Associates (SGA), River House is a public-private project representing the final element of Wexford's South Street Landing development, which currently consists of approximately 265,000 square-feet of academic and office space as well as a 744-space parking garage. It is a vibrant ecosystem of academics, commerce, and innovation, serving the needs of Brown University, as well as housing the Rhode Island Nursing Education Center, utilized by the University of Rhode Island and Rhode Island College.
“We are truly excited to continue the transformation of Providence’s Jewelry District and unveil River House,” said Ron Simoneau, vice president at Shawmut. “These luxury residences define a live, work, play, and learn lifestyle, and serves as the perfect complement to our other nearby project, the Wexford Innovation Center, which together will change the footprint of the former I-195 land.”
River House features two seven-story wings with 174 units/270 beds that front Point Street and the Providence River. A mix of studio, one-bedroom, and two-bedroom floorplans with spacious layouts and cutting-edge amenities are available, conveniently located to downtown, restaurants, shopping, and universities — including Brown University and its main campus on College Hill, as well as Johnson & Wales University, Rhode Island School of Design, and the University of Rhode Island.
The River House apartments are sensible, stylish and modern, and include designer bathrooms; in-unit laundry; complimentary high-speed Wi-Fi; and smart technology with a mobile video interactive intercom system, a mounted living room smart TV, and Amazon Echo capability features. Community amenities include a 24-hour health and fitness center; a rooftop lounge with a fire pit and gourmet outdoor grilling and kitchen bar; a business center; group meeting and private study rooms; a cyber cafe with a complimentary coffee bar; and on-site retail and restaurants.
River House also includes access to an off-site, structured parking garage with car-charging stations and indoor bike storage while providing direct riverfront access, giving residents the ability to launch water vehicles. The project also enables approximately 4,200 square-feet of retail and restaurant space.