Innovation center plans for I-195 district advance

PROVIDENCE – The I-195 Redevelopment District Commission authorized a series of incentives Dec. 12 to attract Wexford Science & Technology LLC, as well as the Cambridge Innovation Center, to two prime parcels of the former highway land.

In a presentation, principals of both companies, as well as developer CV Properties LLC, outlined plans to collaborate in a $158 million first phase of a mixed-use, innovation district and life-sciences center.

The project will include a 170-room hotel and a seven-story, 191,000-square-foot Innovation Building, which will include 66,000 square feet for the CIC. Brown University, as well as the CIC, have signed letters of intent to lease space in the new building.

Development partners said the project would likely result in 1,000 construction jobs, as well as 1,000 permanent jobs.

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The development team plans to break ground by the second quarter of 2017, with a completion date scheduled in 2019. •

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