A $300 million mixed-use development is bringing new life to a long-neglected industrial district of Providence, RI.
"Called the American Locomotive Company Works, or ALCO for short, after a factory that once produced trains there, the project is one of the largest in Providence's recent history. Using a combination of historic rehabilitation and new construction, ALCO envisions as many as 500 condominium and rental units and nearly two million square feet of commercial and retail space.
Construction began in 2006. The project is being built in phases over several years by Struever Brothers, Eccles & Rouse, a development company founded in 1974 that is known mainly for projects that transform urban areas. Its master plan depicts a bustling campus of thousands of people who will live, work and play in an area that has been mostly vacant for decades.
"It is a huge project," both in size and scope, said Eric Busch, development director for Struever Brothers, as he walked the site one recent breezy day.