Business

East Coast firm lands McConnell housing project

Picerne Military Housing of East Greenwich, R.I., has been selected to manage and improve the military housing at McConnell Air Force Base.

The project is part of the six-base Continental Group Housing Privatization project. When the deal closes in October, the Air Force will convey to Picerne 441 homes at McConnell and lease the underlying land for 50 years.

Picerne will then build 173 homes and renovate 191 others. The company also will build a neighborhood center with a pool and other recreational and community facilities throughout McConnell.

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