LOOKING UP? Gavin Waldheger, foreman for Kenwood Construction, at work at The Premier, a 26-unit building overlooking the Eastside Marketplace shopping plaza. It is the first new building to go vertical in Providence since the Great Recession.
Describe Providence real estate veteran Kenneth R. Dulgarian’s new East Side apartment building how you’d like – just don’t call it “contemporary.”
“It’s classic traditional,” Dulgarian said about the five-story building rising on Pitman Street next to the Eastside Marketplace shopping plaza, “not ostentatious, with the right amount of refinement, like a beautiful sculpture.”
Named The Premier, the new 26-unit building is Dulgarian’s latest entry into the luxury rental market, following roughly a decade after the completion of his 16-unit Wayland Court apartments just up the street.
Like Wayland Court, The Premier is targeting the high-end market of downsizing baby boomers expected to swell over the next 15 years.
Some rehabilitation projects, like the Providence G apartments downtown, already have opened, but The Premier is the first new building to go vertical in the city since the Great Recession.
In both its interior and exterior designs, The Premier reflects the more mature market it is targeting, a generation that lived through midcentury, modern architecture and doesn’t want to live in it or a cutting-edge design influenced by it.
The subtly Italianate exterior of the building features a red brick midsection above a brownstone base and is crowned by a white stucco cornice.
In addition to giving the building a traditional look, the three-part exterior is intended to break it up visually, making it look shorter and less imposing.
Inside the 2,000-square-foot lobby, residents will be greeted by a Schonbek rock crystal chandelier, grand piano and curving staircase. Beyond the lobby will be a 1,000-square-foot library with fireplace and television. On the third floor there will be a gym.
Residents with cars will park in an underground garage served by a driveway on Pitman Street and reach their floor in one of two elevators.
The apartments will be a yet-undefined mix of one, two and three-bedroom units, but Dulgarian said the two and three-bedrooms will make up the majority of the 50,000-square-foot project.
All units will have two bathrooms, granite countertops, a balcony, dressing room, crown moldings and instant hot water taps.
The one-bedrooms will be 1,000 square feet, two-bedrooms 1,400 square feet and three-bedrooms 1,600 square feet. Rents have not yet been determined, Dulgarian said.