Historic preservation tax credits awarded for Providence office of Lila Delman Real Estate International

LDRE Properties Providence LLC has received $200,000 in historic preservation investment tax credits from the state Division of Taxation for the project at 369 South Main St., the new office of Lila Delman Real Estate International. / COURTESY LILA DELMAN REAL ESTATE  INTERNATIONAL
LDRE Properties Providence LLC has received $200,000 in historic preservation investment tax credits from the state Division of Taxation for the project at 369 South Main St., the new office of Lila Delman Real Estate International. / COURTESY LILA DELMAN REAL ESTATE INTERNATIONAL

PROVIDENCE – LDRE Properties Providence LLC has received $200,000 in historic-preservation-investment tax credits from the state Division of Taxation for work done on the George & Oliver Earle House at 369 South Main St., the new office of Lila Delman Real Estate International.
The project was completed in July, and the office can accommodate 20 real estate professionals.
According to information from the state, there were $800,000 in qualified rehabilitation expenditures, with the $200,000 representing 25 percent of that total. The company paid a $24,000 processing fee, according to the state division.
The building, portions of which date to the late 1700s, was purchased by Lila Delman Real Estate International. Lila Delman had it gutted, removed nonhistorical elements and installed new wooden floors.

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