Developer seeks grant to redevelop historic Providence building

THE OWNER OF THE LAUDERDALE BUILDING at 136 WESTMINSTER St. is requesting $730,000 in bridge financing from R.I. Commerce Corp. to renovate the property, including 24 market-rate apartments.// COURTESY NORTHEAST PRIVATE CLIENT GROUP

PROVIDENCE – A New York developer is seeking gap financing through a state incentive program to redevelop the historic five-story Lauderdale Building at 136 Westminster St. into a mixed-used site with ground-floor retail and 24 market-rate apartments. The owner, doing business as real estate holding company 136 Westminster LLC, purchased the building in December 2023

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