Paolino seeks tax credits for $17.9M Studley Building apartment project

Updated 3:16 p.m.

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PAOLINO PROPERTIES LP is seeking an award under the Rebuild Rhode Island Tax Credit Program to offset costs as it works to turn the long vacant, six-story Studley Building at 86 Weybosset St. in downtown Providence into apartments as part of a $17.9 million renovation. The company is turning the office building into 65 residential units. / COURTESY PAOLINO PROPERTIES LP
PAOLINO PROPERTIES LP is seeking an award under the Rebuild Rhode Island Tax Credit Program to offset costs as it works to turn the long vacant, six-story Studley Building at 86 Weybosset St. in downtown Providence into apartments as part of a $17.9 million renovation. The company is turning the office building into 65 residential units. / COURTESY PAOLINO PROPERTIES LP
PROVIDENCE – Paolino Properties LP is seeking an award under the Rebuild Rhode Island Tax Credit Program to offset costs as it works to turn the long vacant, six-story Studley Building at 86 Weybosset St. in downtown Providence into apartments as part of a $17.9 million renovation. The R.I. Commerce Corp. Investment Committee voted unanimously…

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2 COMMENTS

  1. I hope they grant it. Mr. Paolino has been a positive force for redevelopment in Providence for decades now. He has the experience, he has the commitment, he has the love for city and he has the financial capabilities to make these positive changes to these beautiful but forgotten buildings.
    Good luck Joe!