Market Feasibility Study: Dexter Street Commons Pawtucket, RI

The Challenge

A new commuter rail station in the City of Pawtucket had spurred revitalization in this downtown neighborhood and had already drawn developer interest. The city was considering a development proposal for the Dexter Street Commons, a major mixed-use project near the site of the future rail station.

To help encourage the development, the city planned to issue special obligation bonds to finance certain public and private infrastructure improvements for the benefit and revitalization of the area. The city needed a market feasibility study to confirm the viability of the project and for a limited offering memorandum for the issuance of the bonds.

The Solution

The city and the Pawtucket Redevelopment Agency engaged Camoin Associates to conduct a market feasibility study to determine the project’s market potential, including expected absorption and achievable price points.

The Impact

as of 2022, the project is moving forward through the city’s development review, having received approval from the Pawtucket-Central Falls Joint Planning Commission.

Services Provided:

• Demographic and socioeconomic analysis
• Market trends analysis
• Supply and competitive property assessment
• Demand Projections
• Absorption rates and achievable price point conclusions