PRA to purchase Atlantic Mills complex


A SCREENSHOT of the Providence tax assessor’s web file on the Atlantic Mills home on Manton Opportunity in the Olneyville area of the city.

PROVIDENCE– The Providence Redevelopment Company is set to obtain the Atlantic Mills complex in Olneyville, with the firm promising to protect the historical mill structures

The firm licensed the PRA executive director to participate in a purchase and sale contract with Howard & & Eleanor Brynes LLC, the owners of Atlantic Mills, on Sept. 28 throughout a board conference.

Bonnie Nickerson, executive director of the Providence Redevelopment Company, stated the firm is “enjoyed progress” with the strategies to “obtain and protect” the 19th century mills.

” Providence has actually long focused on the conservation of much of its renowned mill structures, and Atlantic Mills is genuinely something unique,” Nickerson stated. “It is a living, breathing neighborhood landmark that numerous small companies call house.”

PRA stated they prepare to protect the structure and keep as numerous occupants as possible. Mark Carlson, company supervisor for Howard & & Eleanor Brynes LLC, stated they were likewise “happy” about PRA’s choice to participate in the contract.

Found on Manton Opportunity in the Olneyville community straight off Path 6, the Atlantic Mills complex has actually long been an icon of Providence. Integrated in the mid-1800s and later on repurposed, today it hosts lots of organizations, consisting of painters, makers, artists and the popular Huge Leading Flea Market.

” It has actually hosted a treasured flea market every Saturday for years, supporting numerous micro suppliers and neighborhood members for many years,” Nickerson stated. “Atlantic Mills is a staple of Providence, and our financial investment will suggest it can stay that method for several years to come.”

PRA will participate in the contract by October 2022 and acquire the structure by October 2023. While the specific acquisition cost is still pending, Providence Preparation Department representative Timothy Rondeau stated the task is anticipated to cost about $15 million for acquisition, stabilization, and rehab integrated.

Claudia Chiappa is a PBN personnel author. You might call her at Chiappa@PBN.com.

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