Centre of New England
In February 2024, Starr Capital acquired the rights to 127 acres in Coventry, Rhode Island for a 900 unit residential project located in the Centre of New England, a large mixed use development project that has been in state court receivership bankruptcy since 2013. Starr Capital has executed definitive agreements with the Receivership to support the construction of several key roadway and other infrastructure improvements, and for comprehensive land planning. Our Conceptual Plan was approved in September 2024 for the first phase consisting of 362 duplex townhomes and 350 multifamily units. There is a chronic shortage of residential development sites in Rhode Island. Construction of the first phases of residential development for sale and for rent is scheduled to begin mid 2027.
Located between two interchanges on Interstate 95 just 15 minutes south of the Rhode Island TF Green International Airport, the properties are well located for single-family, multifamily and retail development. The property surrounds an 80-acre ecological preserve that will be maintained and improved for the benefit of the community. The Centre of New England includes numerous existing retail developments including Walmart, BJ's, Home Depot, hotels, restaurants and several residential communities. The project team is being led by Starr Capital, VHB and Darrow Everett.
