Group led by Paolino wins approval to purchase struggling Providence Place mall

Updated at 12:10 p.m. on May 8, 2026

AN INVESTMENT group led by prominent downtown developer Joseph R. Paolino Jr. has been picked to purchase the struggling Providence Place mall. /PBN FILE PHOTO/WILLIAM HAMILTON

PROVIDENCE – An investment group led by prominent downtown developer Joseph R. Paolino Jr. on Wednesday won court approval to purchase Providence Place mall for $133 million. Attorney W. Mark Russo, who was appointed a permanent receiver of the financially struggling retail outlet in November 2024, recommended the mall’s purchase by an investment group made

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