New High-Rise Hotel for Downtown Providence
Upon final demolition of the Fogarty building in Downtown Providence, construction of a new nine-story hotel has begun. Owner of the property, Procaccianti Companies, Inc., says they bought the vacant City-owned half-acre property about a decade ago due to its central location. “Our Firm’s six decades of experience in the Providence real estate market provides a unique perspective of where concentrated growth will occur in the Capital City,” said Michael A. Voccola, Corporate Vice President of Procaccianti Companies, Inc. “We…