Rhode Island
FM buys former IGT building in downtown Providence. What we know.
What to know about Providence: Big Blue Bug, State House dome, Benefit Street
Fun fact: There are more donut and coffee shops per capita in Providence than anywhere else in the U.S.
Commercial insurer FM is buying the downtown Providence office building that’s home to Brightstar, the lottery company formerly known as IGT.
The 10-story office building at the intersection of Memorial Boulevard and Francis Street “will serve as a strategic addition to its growing business and global office footprint,” FM said in a news release announcing the purchase Thursday, Feb. 19.
FM paid $68.5 million for the 202,000 square-foot building, the company said.
The previous owner was an affiliate of Boston-based Tritower Financial Group, which bought the building for $51.5 million in 2012, according to Providence Assessors Records.
Will FM move employees into the building?
FM said it “intends to occupy a portion” of the building. It did not mention how many FM employees will work there and when.
Brightstar, which changed its name from International Game Technology last year, is not leaving the building.
“We are pleased to welcome FM to downtown Providence as the new owner of 10 Memorial Boulevard, which is the home of our global lottery headquarters,” Brightstar spokesman Mike DeAngelis wrote in an email.
Local leaders celebrate sale of building to FM
Rhode Island awarded IGT a 20-year contract to run the state’s lottery business and provide slot machines to its casinos in 2021.
The deal included strict local employment requirements.
Rhode Island Gov. Dan McKee, Providence Mayor Brett Smiley, Senate President Valarie Lawson and House Speaker K. Joseph Shekarchi celebrated the sale in the news release.
FM, formerly known as FM Global, is based in Johnston and is one of the state’s largest employers.
“This investment reflects FM’s confidence in Rhode Island and our commitment to creating spaces that attract world-class talent and strengthen client relationships,” Randy Hodge, chief operating officer of FM, said in the release. “FM has been proud to call Rhode Island home for nearly 200 years, and this expansion in the state’s capital is a natural choice for our next chapter of growth.”
This story has been updated with new information.
Rhode Island
Throwback: USS Rhode Island commissioned in Newport
(WJAR) — Thirty-two years ago was the commissioning of a Navy submarine named after the Ocean State.
Maria Stephanos was on board the USS Rhode Island on July 9, 1994.
Rhode Island was the Navy’s 15th Trident class ballistic submarine.
It was commissioned in Newport and was the first to be christened in its namesake state.
Rhode Island
Handshake Initiative instills confidence, motivation in students
PROVIDENCE, R.I. (WJAR) — They come from all walks of life, including many professionals in the community, taking time out of their busy days to welcome students to school with enthusiasm and handshakes.
“We learn a lot of new handshakes, too,” Kobi Dennis said. “High-fives. Pounds with an explosion. We get a little bit of everything.”
It’s the Handshake Initiative, the brainchild of now Central Falls Police Chief Anthony Roberson.
Everybody can use some encouragement, and students in Rhode Island get that the minute they head toward the school building.
Initially, the students and parents didn’t know what to think.
“I was confused because I thought it was going to be a normal day,” said one student.
“Their parents were getting out of their cars trying to see what’s going on,” Reservoir Avenue School Principal Cynthia Torres said.
But now, they crave it.
“It makes me feel motivated,” another student said.
Dennis adds in an etiquette component.
“Teaching the kids how to shake hands, look one another in the eyes with a firm grip — girl or guy — firm grip and say ‘hello’ and introduce yourself, that’s part of the initiative as well,” Dennis said.
Providence school superintendent Dr. Javier Montañez said it sends a strong message.
“We hear you, we see you, and we’re here for you,” Montañez said.
Torres strategically uses them on standardized test days.
“They say, ‘I’m going to do really good today,’” she said.
“It makes me feel encouraged to do better in school,” a student said.
They’ve connected with thousands of students across Rhode Island.
“It’s about shaking hands and building relationships, but it’s also about letting young people know that there are professionals in the community cheering for them every single day,” Dennis said.
Do you know of a nonprofit organization or volunteers doing great work in your community? Fill out a short nomination form for “Community Treasures.”
Rhode Island
Man critically hurt in Providence stabbing
A man was critically hurt in a stabbing in Providence on Tuesday, NBC affiliate WJAR-TV reports.
Police were first called to Smith Street around 7 p.m. for the reported stabbing. They found the victim on Chalkstone Avenue.
He was taken to the hospital where he remains in critical condition.
The case remains under investigation and no arrests were announced.
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