Newtown Square-based GMH Capital Partners – a real estate company specializing in the acquisition, development, and management of high-quality residential and commercial properties throughout the U.S. – has broken ground on River House in the Jewelry District of Providence, R.I.
A 174-unit luxury apartment community situated along the Providence River, River House will consist of a pair of newly constructed, seven-story buildings and approximately 5,000 square feet of retail/restaurant space that will service the housing needs of graduate, medical, and upper-level nursing students.
The property is scheduled to open in May 2019.
“GMH is excited to be developing a premier residential property in the city of Providence,” said Gary M. Holloway Jr., President of GMH Capital Partners. “We look forward to serving Brown (University) and the other institutions that have located to South Street Landing with a water-front housing project that delivers great accommodations and amenities.”
River House will comprise the final element in the 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 (NEC).