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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Summer has arrived at Quonset! If you're looking for something to do this weekend, consider a ride on our bike path or a visit to one of our four public beaches. Parking is always free.

For details: https://quonset.com/assets-of-quonset/

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If you work at Quonset, @RIPTA_RI wants to hear from you! Take a quick survey about your commuting/parking routine for a chance to win a monthly transit pass and help RIPTA improve service options for the 15,000+ people who come to work here every day.

Just 18 months after breaking ground on @REGENTCraft's manufacturing facility, we're celebrating its completion!

American manufacturing is alive and well at the Quonset Business Park, and we're glad to be home to 1 Seaglider Way.

Defense tech hubs like Quonset are powering the next generation of military technology. We're home to Electric Boat and a diverse collection of small businesses and growing companies whose cutting-edge technology is driving defense innovation forward.

With support from Rhode Island Ready, Raytheon broke ground on a major expansion to its Portsmouth campus this week!

This project will support the creation of 150 new jobs and help meet the growing global demand for Raytheon's Patriot GEM-T subcomponents.

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