Washington Trust Finances Conversion of Historic Providence Building
Thursday, February 25, 2016
Washington Trust's Commercial Real Estate Group provided $2.1 million to HM Ventures Group 7, LLC, to finance the construction and residential/retail conversion of a historic, five-story building located in the Downcity section of Providence.
“This property will help add to the influx of new residents to the downtown area, continuing Providence’s transformation to a 24/7 city instead of one that rolls up its sidewalks at 5 P.M. The adaptive re-use of this incredibly historic building is exciting to be a part of and will provide beautiful apartments in the heart of this transformed area," said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group.
The Building
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTThe building was built in 1875 and is located at 32 Custom House Street in Providence and covers 16,531 square-feet.
The building will be converted into ten residential apartments with a 2,000 square-foot retail space on the ground floor.
Designers envision the ground floor being anchored by a street facing restaurant with a separate lobby that will service the above apartments.
Washington Trust
Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast’s premier financial services companies.
Click here for more information.
Related Articles
- NEW: Washington Trust Announces VP of Technology
- NEW: Washington Trust Named To Bank Director Scorecard
- Washington Trust Bank Provides $1.4 M Loan to Tender Hearts Child Care
- NEW: Washington Trust Gives $50K to Westerly WARM Center
- NEW: Washington Trust To Open New RI Branch In Johnston
- NEW: Washington Trust Announces Record Second Quarter Earnings
- NEW: Washington Trust’s Peanut Butter Drive Reaches 100 Ton Milestone
- Washington Trust Will Open New Branch in Cranston
- Washington Trust Scores Record 4th Quarter
- Washington Trust Kicks Off 2012 Peanut Butter Drive
- Washington Trust Bank Provides $1.6 M Loan to Fox Point Marina
- NEW: Citizens Bank’s Ned Handy to Join Washington Trust
- NEW: Washington Trust Provides $5.25M for Garden City Apartments
- Washington Trust Provides $5.135 Million in Financing Property in Newington, CT
- Washington Trust Company’s Peanut Butter Drive Nets 4.8 Tons of Peanut Butter
- Washington Trust Provides $2.17 Million in Financing to 4 Pawtucket Properties
- Washington Trust Finances The Village at South County Commons With $25 Million
- Washington Trust’s RI Branch is Expanding
- Washington Trust’s 14th Annual Peanut Butter Drive Begins March 1
- Washington Trust Presents $150,000 Check to Ocean Community YMCA
- NEW: Washington Trust Presents $5K Check to the RI Blood Center
- Rhode Island’s Washington Trust Continues Connecticut Expansion
