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Who is the developer of Capitol Cove?
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Capitol Cove, LLC.
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How many homes in total will there be?
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A total of 96 homes (including 1 and 2 bedroom floor plans) ranging from 1 bed/1 bath at 654-754 SF to 2 bed/2 bath at 991-1,174 SF with the first homes estimated to be delivered in November ’08.
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How many acres are there?
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5.5 acres located on the Riverwalk in downtown Providence
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Are there any age restrictions at Capitol Cove?
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This is not an age-restricted community.
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What are the condominium fees?
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Not yet finalized, but expected to be around $300 per month.
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Who will manage the Condominium Association?
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Not yet determined
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What is the tax rate in Providence?
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$22.84 per thousand, NEW 2007-2008 Tax Rate.
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What are some of the standard interior features of the home?
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Stainless Steel Kitchen Appliances, Granite Countertops w/tile backsplash in the kitchen, Hardwood Flooring throughout Entry, Kitchen and Great Room and Decorator Quality Carpet in numerous colors planned for the other rooms
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What type of utilities do you have?
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Clean and Efficient Gas Heat
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Is there a warranty with the homes?
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Yes - 1 year warranty.
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What parking accommodations are planned?
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1 garage parking space is allotted for each 1 and 2 bedroom home. This is covered parking in a two level heated garage (attached-under) with optional secure storage. Additional parking spaces will be available for purchase on a first come first serve basis. This Garage will have a security system.
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Do the homes have multiple levels or lofts?
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Yes, 20 of the homes have 2 levels and 4 of the homes have 3 levels. The remaining homes are all single level living. All homes will have a minimum ceiling height of 9ft.
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Is there additional parking for our guests?
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This is still being worked out. There is a number of public parking areas nearby where people can park for either free or very inexpensively. The Providence Place Mall only charges $1 for the first 3 hours of parking and is a short 5 minute walk away. There is also a small pay lot right next to the site in front of the Citizen’s Building.
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How will the outside grounds be developed? (Landscaping, common area, etc)
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A lot of landscaping will be done around these buildings in order to give these homes a park like feel when stepping outside. This is a unique feature at Capitol Cove and is not typical for an urban condominium.
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How do we receive our mail?
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There will be a mail center just inside the main entrance of the building.
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What is your reservation process?
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A non-binding reservation agreement and a $2,500 reservation deposit.
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What do the condominium fees cover?
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Master Insurance, Exterior Maintenance, Landscaping, Snow Removal, Refuse Removal, Ground Lease, Shared Interior Common Areas and Onsite Amenities (need to confirm all of this)
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How many floors will there be at Capitol Cove?
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There will be two levels of parking and 5 living levels above the parking garage. Most of the lower level (1st level) of parking will be underground. Building is multicolored warm shades of brick.
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Will there be a Club House, Pool, Amenities?
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There will be a temporary fitness center located in the building (until a permanent State of the Art Fitness Center is built on the 5.5 acre site).
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How are the homes being assessed?
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We advise homeowners to assume 100% assessment for their calculation of Real Estate Tax. In other words, assume the total purchase price.
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Will they have balconies?
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Yes, some homes will come with balconies
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Is there a fireplace?
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None of the homes will have a fireplace.
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Are there interior sprinklers in each home?
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Yes, it will be fully fire sprinklered building for ultimate safety
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Are pets allowed?
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Condominium Documents not yet finalized, but it is anticipated that one household pet (with restrictions) will be allowed.
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