All Entries Tagged With: "Investments"
VALPAK EYES RHODE ISLAND COMMUNITIES FOR EXPANSION
ST. PETERSBURG, FL -Valpak, a leader in local print and digital coupons, announced today it is looking to further grow its brand in the Narragansett Bay area, which includes Providence, Warwick and Cranston. The company currently mails to as many as 140,000 homes in the Ocean State, but is looking to expand its reach to 230,000 homes that will receive its signature Blue Envelope.
The U.S. Census Bureau lists Providence as the state’s most populous city, making the location a target expansion market for Valpak. Growth rate data from the American Community Survey also indicates that within the past five years, Providence, Warwick and Cranston have all emerged as the Ocean States’ top 10 fastest growing cities – with Providence and Cranston leading the list as the top two cities. Additionally, the Providence-Warwick Metropolitan area continues to earn national recognition, such as a Forbes.com ranking for Best Places for Business and Careers and Cost of Doing Business.
“The Providence metropolitan area offers entrepreneurs an opportunity to capitalize on the local economic growth,” said Shak Turner, Valpak’s director of franchise sales. “It’s exciting to know that Valpak, as a leading direct marketing company, can assist local businesses in their own economic growth by offering services through our popular mailer, along with our vast suite of digital advertising tools.”
A leader in cooperative direct mail, Valpak mails coupons to nearly 39 million demographically targeted households per month in 45 states and four Canadian provinces. Today, in addition to its flagship Blue Envelope, Valpak offers its business customers an impressive portfolio of digital advertising products including valpak.com, Smartphone apps, Google partnerships, website development, mobile web optimization and reputation management.
With more than 25 million Americans using couponing apps each month, Valpak’s digital offerings have been a big draw for new franchisees. Digital coupon use is on the rise, and ample gains are projected in 2016. In the past year, Valpak’s print offerings have also expanded with on-pack advertising and circulars.
Ideal candidates for Valpak franchise ownership should possess a desire to join a trusted, industry-leading brand, work within a proven franchise system, develop relationships with local businesses and have a comfort level with selling new, digital technologies. Franchisees should also possess a minimum liquidity of $75,000, and a minimum net worth of $150,000.
For more information on Valpak franchise opportunities, please contact Shak Turner at
shak_turner@valpak.com or 727-399-3091 or visit www.valpakfranchising.com.
BankRI Finalizes Deal to Provide $12.225 Million Financing to PK Rumford II, LLC for Construction of Residential Housing Units
PROVIDENCE, R.I. – The Commercial Real Estate Division of Bank Rhode Island (BankRI) in mid-October finalized a deal with PK Rumford II, LLC to provide $12.225 million in financing to assist with the construction of residential units in Rumford, R.I. The construction loan, facility supported with permanent and variable hedge pricing financial products, will help to create 80 new housing units in Rumford Center.
The property was acquired by the borrower in 2007, and included the adjacent PK Rumford I, LLC. The mixed-use Rumford Center consists of the new development site and adjacent property, which has 113 residential units and 25,000 square-feet of commercial office and neighborhood retail space. Current tenants include Avenue N Restaurant, Peregrine Group LLC, Rumford Dental, and Seven Stars Bakery.
“In recent years, the transformation of Rumford Center has created a vibrant hub of local businesses, punctuated by residences with historic charm and architectural distinction,” said Andrew Deluski, Vice President of Commercial Real Estate for BankRI. “This transaction will now allow for the creation of additional housing units to meet consumer demand; we are pleased to have been able to meet the financial needs of our client to help make their vision a reality.”
Andrew Deluski, Vice President of Commercial Real Estate, facilitated the deal on behalf of BankRI, and Jeff Charneski, Principal of Goedecke & Company, LLC, arranged the financial placement of the transaction. The project is being constructed by New England Construction, with support from Pare Engineering, Gate 17 Architecture, and Birchwood Design Group. The site is managed by Peregrine Property Management LLC.
For more information, visit www.rumfordcenter.com, www.peregrinegrp.com, www.peregrinepm.com, www.goedeckeco.com, www.neconstruction.com, www.gate17architecture.com, www.parecorp.com, and www.birchwooddesigngroup.com.
BankRI’s Commercial Real Estate Division provides financing for the construction, refinancing, or purchasing of investment real estate projects. For more information, contact Andrew Deluski at (401) 574-1585.
About Bank Rhode Island
Bank Rhode Island, a wholly owned subsidiary of Brookline Bancorp, Inc. (NASDAQ:BRKL), is a full-service, FDIC-insured financial institution headquartered in Providence, Rhode Island. The bank operates 19 branches and more than 55 ATMs throughout Providence, Kent and Washington Counties. For more information, visit www.bankri.com. You can also find BankRI on Facebook at www.Facebook.com/BankRhodeIsland.
Pods Swimming Plans to Build New Indoor Pool Facility in East Providence
EAST PROVIDENCE, RI – Pods Swimming Inc., a privately owned, traveling instructional swim program, has announced plans to build its own indoor pool facility at the corner of Route 44 and Commercial Way in East Providence.
The eight-year-old swim school is planning to break ground on a state-of-the-art, indoor pool facility that will be built by New England Construction. Designed by Vision 3 Architects, the 12,000 s/f building will have as its centerpiece a six-lane, 25-yard training pool plus a smaller, 90-degree heated “teaching” pool. Other amenities include a family changing room, locker rooms, a snack bar, reception area, and office space.
The new building will serve as headquarters for Pods Swimming and provide a permanent base for year-round lessons and other swim events. It will also be available for rental to schools, senior centers and other organizations throughout Rhode Island and Southeastern Massachusetts.
Founded in 2007 by Susan Pascale-Frechette, Pods Swimming offers swim lessons for all ages, from babies and toddlers to adults. Pods features a curriculum based on personalized instruction for proper strokes and other techniques designed to build strong, confident swimmers. No flotation devices are used, so the swimmer is able to feel the water in the most natural position.
“For the past eight years, we have been traveling from pool to pool in order to provide quality swim lessons in the Greater Providence area. However, we feel strongly that we need our own permanent pool facility where we can provide a stable environment for our swimmers, our families and our staff,” says Pascale- Frechette.
“There is a limited number of indoor pools in Rhode Island, so this will provide the local area with a spacious, state-of-the-art indoor pool facility that can be leased for use by students, seniors, physical therapists, private swim teams, and corporate or private events,” says Jamie Pascale, program manager for Pods Swimming.
Pods Swimming intends to build the pool project through a combination of private bank loans and money raised through crowdfunding on the website Open.Tilt.com. On Monday, August 31, Pods launched its campaign, “Build-A-Pool For Pods,” and is accepting donations from supporters. To access the Open.Tilt.com campaign, visit https://pods2015.tilt.com/build-a-pool-for-pods. For more information on Pods Swimming, visit http://www.podsswimming.com/<http://www.podsswimming.com/> or call 401-337-5678.
Filling in a swimming pool?
Swimming Pools & Real Estate Values – a very popular discussion.
Whether you already own a home with a pool, that maybe has gone from being a staple of your family culture to an eyesore that brings you stress every time you look at the back yard, or you’re a potential buyer and you love the home but that in-ground pool is at the top of your ‘cons’ list – we thought we’d share some tips on how to get rid of it the right way!
A visual tutorial on what we think the best way to fill in a pool is:
-haul away (all) the concrete, then;
-install gravel in compacted lifts, and…
…that’s how we do it, no sinks holes. EVER.
Pools can be a great source of family fun and exercise but they can also be a great source of stress. We’ve been lucky enough to take part on both sides of the ‘pool’ debate – helping clients install and create their dream oasis whether it meant removing their greatest source of stress and creating a lush landscape or excavating and installing their dream pool area!
Happy Summer!
