Endangered former schoolhouse eligible for $250K tax credit

PROVIDENCE – A four-room, former schoolhouse in Federal Hill is eligible for state historic-preservation tax credits to assist in its redevelopment to an apartment building.
The Meader Street School, a former primary-grade school at 20 Almy St., is among the properties identified this year by the Providence Preservation Society as the most endangered in the city. It is in the Broadway-Armory Historic District and has been vacant for more than 10 years.
Built in 1891, it is a rare example of a wood-framed school building, according to the preservation society. It is built in the Queen Anne style, with two stories and a cross-gable roof. Most of the architectural details are intact, according to a report issued by the Historical Preservation & Heritage Commission.
The renovation would create three apartments on each of the two classroom floors, and a single apartment in the school basement. On each of the classroom levels, one apartment would occupy a former classroom, while two others would be created from the remaining classroom.
According to a timeline, construction could begin in September, with a completion set for September 2017.
The application was submitted by Elementary LLC, which has a registered agent of Michael Fitzpatrick, according to the secretary of state’s office. The application for credits was signed by B. Clarkson Schoettle.
The project on completion is eligible for $250,000 in state historic-preservation tax credits, according the Rhode Island Division of Taxation.

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