Brown University purchases River House for $75M for student housing

RIVER HOUSE at 1 Point St., Providence, was acquired by Brown University for $75 million to be used for graduate and medical student housing. / COURTESY BRUCE T. MARTIN PHOTOGRAPHY
RIVER HOUSE at 1 Point St., Providence, was acquired by Brown University for $75 million. The building will be used for graduate and medical student housing. / COURTESY BRUCE T. MARTIN PHOTOGRAPHY
PROVIDENCE – Brown University is increasing its student housing footprint in the city. The Ivy League university announced that it, through a subsidiary named River House Holdings LLC, has purchased River House, a 174-unit residential building located at 1 Point St. The building, built in 2019, will be used to house Brown graduate and medical…
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