PROVIDENCE — After decades of rejected or abandoned plans, a hotel may finally be built on the grassy triangular lot at Memorial Boulevard and Steeple Street, the site of many art installations over the years.
The Capital Center Commission Wednesday endorsed a plan to build an eight-story, 120 unit suite hotel, costing $18 million to $20 million on the half-acre site, which the city has agreed to transfer in a $1 million lease-purchase deal.
The parcel’s odd geometry and history had combined over the decades to stymie attempts to build there, but after Wednesday’s vote, officials from the prospective developer, First Bristol Corp of Fall River, said they hope to break ground sometime this summer and finish 13 months after that.
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