The University of Rhode Island (URI) and Gilbane broke ground Wednesday on the first of three new on-campus residence facilities in Kingston, RI. Through a public-private partnership, Gilbane will develop and build two new residence halls with apartment-style suites on Flagg Road, located on the northwest side of campus, and reconstruct the Graduate Village Apartments complex for graduate students on Route 138.
When completed, the new residence facilities will add more than 1,100 beds to the Kingston Campus by the fall of 2028, URI said. “Today’s groundbreaking advances URI’s plan to modernize on-campus housing and deliver more than 1,100 new beds that strengthen the student experience,” said Gilbane Development president and CEO James Patchett, who hosted the Jan. 28 groundbreaking with URI president Marc Palange.
The P3 structure involves URI, Gilbane and a nonprofit borrower, Provident Resources Group, Inc. Raymond James served as the underwriter for the tax-exempt bond financing.
Pictured: James Patchett (at podium) and Marc Palange.
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