Tandem Replaces Former Highway Parcel with 61 More Affordable Homes in Providence, RI

After Interstate 195 was relocated fifteen years ago, the city of Providence set its sights on redeveloping the land to reinvigorate the community with high-quality housing and generate more jobs in the Fox Point neighborhood. Pennrose developed both Tempo and Tandem (Phases I and II) on Parel 9, the latter of which recently welcomed residents.

Tandem adds 61 units of affordable and workforce housing to the local housing stock with options for a variety of income levels: 13 units at 30% of the area median income (AMI), 21 at 60% AMI, 15 at 120% AMI and 10 are market rate. When combined with Tempo, both phases create a total of 127 mixed-income apartments that include in-unit washer and dryers, building amenities like a fitness center and community room, as well as access to public transit.

Congratulations to our partners on completing a much-needed infusion of affordable housing into Providence, RI!

Learn more about Tandem.