Breaking News: Brown University is taking over entire Rhode Island's real estate market.
Maybe that was a bit exaggerated. However, there sure are many residents and businesses who do feel this way. A Fairview Inc. real-estate subsidiary plans to purchase City Sports located on 271 Thayer St on the East Side of Providence, according to PBN.com.
Fairview has a contract to purchase the commercial space, but a price has not yet been set. Brown spokesman Mark Nickel has confirmed that there are no set plans for the property, and the university intends on keeping it a "tax-paying commercial entity." Let's see how further details unfold.