Paolino Properties has purchased a package of three high-profile properties in Providence’s Financial District for $60 million, the company announced Wednesday.
The acquisitions include the 20-story tower at 100 Westminster St., the five-story building next door at 30 Kennedy Plaza and the Weybosset Street Metropark lot across the street that features the propped-up façade of the former Providence National Bank Building.
The article goes into plans for the buildings and vacant parcel which all sound great, look at me, I’m all surprised over here. One wonders, and one is not just me people are talking, where the former Mayor is getting funds for all this. Wonders about funding instill fears about the viability of the proposed plans. Fingers crossed good things happen, would be very good for Kennedy Plaza as well as Westminster Street.[alert type=”muted”]See also:
Greater City Providence: Vaporscraper: “First spark of a development boom”
The Providence Journal: Paolino buys Providence office tower, other downtown properties[/alert]