38 Studios to Set Up Shop in Providence

September 23, 2010 -

Curt Schilling’s 38 Studios has selected a location in Providence, Rhode Island for its new home, one that it hopes will eventually become the base of an Ocean State “videogame cluster.”

The developer will take up residence at One Empire Plaza (pictured), a six-story, 104,000 square foot facility. The location proved attractive to 38 Studios, due to its “vibrant mix of office buildings, restaurants and entertainment venues and its proximity to multiple universities rich with talent such as the University of Rhode Island, Johnson & Wales University, Brown University, and the Rhode Island School of Design (RISD).”

38 Studios CEO Jen MacLean said about the developer’s new home, “The staff at 38 Studios is incredibly excited about our relocation to Providence and we expect to be the first of many relocating knowledge-economy companies that will take advantage of the opportunities Rhode Island provides.”

Rhode Island Governor Donald Carcieri added, “Located in the heart of the capital city and surrounded by our universities and strong arts community, I am confident that 38 Studios will serve as a touchstone for growth in the interactive entertainment and digital media industry.”

Schilling’s company was lured to Rhode Island in part by a $75.0 million loan from the state's Economic Development Corporation (EDC), a figure that was eventually paired down to around $51.0 million. It was previously reported that, according to the loan agreement, 38 Studios would need to sign a 10 year long enforceable lease.


 
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