Bank Rhode Island to build headquarters on former I-195 land in Providence

PROVIDENCE, R.I. (WLNE) — Bank Rhode Island announced Wednesday that they will build their new headquarters on the former Interstate 195 land in Providence.

The bank explained that the new six-story 240,000 square foot building that will house their headquarters will be built on Parcels 8 and 8A of the development district.

“This is a tremendous opportunity that both supports the growth of BankRI and further deepens our commitment to the City of Providence and our entire state,” said William Tsonos, incoming president and CEO of BankRI.

There will also be room in the new building for 95 residential units, retail space on the ground floor, and indoor parking.

BankRI said that the construction is expected to begin next summer.

Tuesday, Gov. Dan McKee announced that a new life sciences building was going to be built nearby. It will house a Department of Health laboratory.