Quonset COO Chelsea Siefert gives keynote at Commercial Real Estate Summit

Chelsea Siefert Headshot

QDC Chief Operating Officer Chelsea Siefert (right) gave the keynote address at the New England Real Estate Journal’s 2024 Commercial Real Estate Summit, where she shared the roots of Quonset’s success and the strategic upgrades and expansions happening across the Business Park.“A key element of Quonset’s success is our unique site readiness program which provides pre-permitted, pre-engineered, shovel-ready sites primed for construction within 90 days of a company signing a lease and taking site control,” Siefert said in her remarks.

In the last decade, Quonset’s site readiness program has led to the creation of over 4,000 jobs and $664 million in private investment across 33 developed sites and 36 companies at the Business Park.

“Based on that success, state leaders thought it would be a good idea to apply Quonset’s successful approach statewide. We agreed – and agreed to take the lead on making it happen,” Siefert continued.

Administered by QDC, the Rhode Island Ready program is a statewide industrial site readiness initiative based upon Quonset’s site readiness program. With the Business Park nearly at capacity, RI Ready was designed to create an inventory of pre-permitted properties ready for industrial development, leading to job creation statewide. Enrolled sites are provided technical assistance with engineering, permitting and other approvals along with support that will prepare sites for development activity.

To date, 18 sites are enrolled in Rhode Island Ready, totaling 429 acres. Combined, these sites could host over four million square feet of new industrial buildings.

“Coming up with a way to expand the supply of space for industrial growth in Rhode Island will be a key challenge of the coming decade. The continued growth of our economy, the creation of new jobs and the future prosperity of Rhode Island families depends on it,” Siefert said.

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This grant will upgrade infrastructure supporting auto imports and submarine shipbuilding at Quonset. We're grateful to our congressional delegation—@SenJackReed, @SenWhitehouse, @Rep_Magaziner, @RepGabeAmo—for their help restoring this critical funding.

NEW: $11.25M grant for @QuonsetRI will enhance port infrastructure development. I’ll continue working to deliver federals investments that improve our economy & position RI for long-term, smart growth.

UPDATE: Quonset sent QSS Biosolids a letter last week reconfirming the Corporation’s position that it will take no action on the company’s pending lease for the pyrolysis project prior to the reporting date of the Special Joint Legislative Commission to Study Sludge Management.

Quonset’s Board of Directors will meet on Tuesday, April 28, at 5pm at the Quonset ‘O’ Club. Doors will open at 4:30pm.

Following the meeting, the Quonset team will host a discussion with members of the community to answer any questions about projects at the Business Park.

Learn about a proposed energy storage project that will absorb and store energy on the grid during times of surplus and discharge during peak use, increasing regional grid reliability.

Join us at an information session on 4/22 at 6pm at the Quonset O Club or virtually on 5/12.

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