Washington Trust provides $24M for Pontiac Mills redevelopment

THE WASHINGTON TRUST CO. recently provided $23.6 million to finance the mixed-use redevelopment of Pontiac Mills in Warwick, shown by the rendering above. / COURTESY WASHINGTON TRUST
THE WASHINGTON TRUST CO. recently provided $23.6 million to finance the mixed-use redevelopment of Pontiac Mills in Warwick, shown by the rendering above. / COURTESY WASHINGTON TRUST
WARWICK – The Washington Trust Co. recently provided $23.6 million to finance the mixed-use redevelopment of Pontiac Mills in Warwick. The Westerly-based bank made the loan with Union Mill LLC, the project developer. Pontiac Mills, originally built in 1863, is a 368,472-square-foot former textile facility comprising 24 buildings on 15 acres. Union Mill is converting…

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