WinnDevelopment, the development arm of WinnCompanies, announced the completion of a $29.3 million project to preserve and renovate 17 townhouse-style buildings at Lockwood Plaza Apartments in Providence, RI, as part of a deal that also extended affordability guarantees for 40 years.
Providence Mayor Brett P. Smiley, Councilwoman May Kay Harris, Alyssa McDermott, director of the city’s Housing and Community Development Division, and Melanie Brewer, director of Real Estate Development for RIHousing, joined company executives late Monday to tour the 47-year-old Lockwood property where 108 units were recently modernized during the first phase of a program to address capital needs.
If the effort wins continued state funding support, a second phase of work will focus on renovating the community’s six-story, 101-unit apartment building one year from now.
