The principals of Universal Properties Group, Inc. have been involved in all phases of the construction and real estate development industry since the mid 1960’s, beginning with the landscaping business started by Universal’s President and Chief Operating Officer, Nicholas E. Cambio and his brother Vincent, now Universal’s Vice President for Mechanical Operations.
207-a.jpgThroughout the 1970’s and 1980’s, Universal’s activities increased in the area of the development of single family residential subdivisions and home construction, and expanded into the site construction and aggregate processing fields, making Universal’s sister company, Universal Truck & Equipment Leasing, Inc. one of the largest sand and gravel operations in New England into the mid-1990’s. The residential operation has included, over the years, the planning and development of over 1,800 single-family house lots and the construction of over 500 homes. Since the 1980’s, Universal has been more actively engaged in the development, construction and management of commercial real estate in Rhode Island and Southeastern Massachusetts. More recently, the Company’s philosophy has been to diversify holdings to meet market needs and provide, in house, the critical services required in real estate development, resulting in lower costs, affordable products, and timely delivery. Universal is now moving ahead at a faster pace than ever before, and is growing by leaps and bounds with many employees in field operations, sales and marketing, administration and leasing, property management, and in-house legal service.

rt2.jpgThe Company’s commercial developments include Bald Hill Commons, the first and most successful power center in Rhode Island (and the first commercial land only condominium development in the state), located on Bald Hill Road (Route 2), in Warwick, Rhode Island, the center of the state’s retail shopping area. This 90-acre center includes over 400,000 square feet of retail space comprised of The Home Depot, Fillippou’s, Smokey Bones, Olive Garden, Sam’s Club, Inskip Auto Center, Best Buy, Savers, Red Wing Shoes, and Starbuck’s Coffee. Universal also developed Warwick Centre, a 22 acre parcel directly across the street from Bald Hill Commons, which consists of 187,000 square feet of retail space and restaurant development including Jake Kaplan’s Jaguar dealership, Barnes & Noble, Dick’s Sporting Goods, Designer Shoe Warehouse, Carrabba’s Italian Grill, Walpole Woodworkers, Inc., Ulta Cosmetics and other tenants.

entrance.jpg The most significant project underway, however is the 480 acre Centre of New England located in Coventry and West Greenwich, Rhode Island slated to contain over two million square feet of big box and associated retail, numerous restaurants and hotels, and 500,000 square feet of various entertainment facilities, as well as luxury apartments, condominiums, office, distribution, service and other uses, all totaling over 6,000,000 square feet of commercial space.

higlandsentrance.jpgAs the development has progressed over the last several years, and with the addition of significant zoning modifications and tax incentives created by the developers and provided by the Town of Coventry, various tenants have been attracted to the site. Already operating at the Centre are Super Walmart, Fairfield Inn and Suites, Sprint/Nextel, Riccotti’s, Super Cuts, Payless Shoe Source, Honeydew Donuts, UPS, T-Mobile, The Dream Center, GNC, Discounts Matter Furniture, The Rock House Cafe, Wicked Good Pizza, Cilantro Grill, Wendy’s, Cracker Barrel, BJ’s Wholesale Club, Applebee’s Neighborhood Bar and Grill, Denny’s Classic Diner,  The Home Depot, Randolph Savings Bank, Marriott Residence Inn, Grandview at Greenwich Apartment Complex, Horizon Bay Supportive Retirement Community, Hampton Inn, Champion Window & Door, and NeighborCare Pharmaceuticals.

Locally, Universal owns, maintains and manages properties at 35 Quaker Lane (28,100 square feet), which is leased primarily to local retail and commercial establishments, 207 Quaker Lane (18,000 square feet), site of Universal’s own home office, as well as medical offices, and 211 Quaker Lane (12,000 square feet), occupied by MetLife’s Property & Casualty Division.

Superior Court Decisions 2011: http://www.courts.ri.gov/Courts/SuperiorCourt/DecisionsOrders/decisions/09-1759.pdf