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Rhode Island City of Providence·Rhode Island

Lease of Parks Property Known as "Waterplace Pavilion", 1 Finance Way Providenc

Closes 12/1/2025$500k – $2MRequest for ProposalLogin required
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Description

The City of Providence Parks Department is seeking qualified firms to operate the three-story Waterplace Pavilion facility in Waterplace Park, Providence, RI. The goal is to provide unique and innovative offerings for visitors and the surrounding community, foster a lively atmosphere, and generate rental income to support park management and programming. Proposals should include an overview of the proposed business concept, experience and qualifications, financial plan, project schedule, and marketing strategy. The successful respondent will be responsible for capital improvements and furnishing the building at their own cost. • The facility includes a street-level atrium, mezzanine space, and ground-level space with outdoor patios and terraces. • The building requires capital improvements and furnishing, which will be at the cost of the lessee. • The lessee will be responsible for maintenance, repair, and replacement of equipment and labor costs. • The facility must comply with applicable noise ordinances and obtain necessary permits for outdoor entertainment. • The lessee must provide an operating schedule considerate of nearby residential areas and follow all Board of Licenses' stipulations and applicable ordinances.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Nicholas Cicchitelli(Director of Real Estate)

[email protected]

(401) 680-8418

Key dates

Opened
10/8/2025
Questions due
10/29/2025
Pre-bid meeting
10/16/2025
Site visit
10/16/2025
Closes
12/1/2025

Last updated

Details

Type
Request for Proposal
Industry
Food and Beverage Services
NAICS
722511
Solicitation №
PVD25-152

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is estimated to be between $500,000 and $2,000,000 per year, considering the rental income and potential revenue from food and beverage services, events, and other activities. The actual budget will depend on the respondent's proposed business concept, financial plan, and performance. Factors influencing the budget include the respondent's ability to attract visitors, manage costs, and comply with city regulations.

AI estimate from the solicitation

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