Union Trust Building owner seeks
15-year TSA amid conversion

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
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
PROVIDENCE – The conversion of the Union Trust Building in downtown Providence to a mixture of residential apartments, offices and restaurant space is continuing, even as the building owner seeks a tax agreement with the city that would lower the initial property taxes. The property, at 170 Westminster St., will involve a private investment of…

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