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Developer of new apartment building seeks 20-year tax agreement

PROVIDENCE – A new apartment building proposed for the base of College Hill could receive a 20-year phase-in of city property taxes, under a...
PROVIDENCE CAPITAL III LLC, owner of the Union Trust Building at 170 Westminster St. in downtown Providence, which is being converted to a mixture of residential apartments, offices and restaurant space, is seeking a 15-year tax-stabilization agreement with the city that would lower the initial property taxes. / COURTESY JUST ASK/SCOTT KINGSLEY

Union Trust Building owner seeks 15-year TSA amid conversion

PROVIDENCE – The conversion of the Union Trust Building in downtown Providence to a mixture of residential apartments, offices and restaurant space is continuing,...
MICRO-LOFTS: Joseph R. Paolino Jr., managing partner of Paolino Properties, stands in front of the new Case-Mead Lofts building at 76 Dorrance St. The Case-Mead Lofts are a renovation of a former office building into 44 micro-loft apartments.  / PBN PHOTO/
MICHAEL SALERNO

Providence has several tax-stabilization policies to woo developers. Plans to have...

New residents already have started moving into one of downtown Providence’s oldest commercial buildings, occupying efficient, modern apartments that have taken spaces once afforded...
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