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Providence, RI (2010)

Merchantile Block

Completed in 2010, the Mercantile Block in Providence, RI is the third of arts organization AS220’s development projects in Providence’s Downcity Arts District.

Investment

  • NMTC Amount: $10,483,908
  • Total Project Cost: $17,121,048

IMPACT

  • 54 FTE jobs
  • 98 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.
  • 24,000 sq. ft. of real estate

Investor

Project Description

Completed in 2010, the Mercantile Block in Providence, RI is the third of arts organization AS220’s development projects in Providence’s Downcity Arts District. The Mercantile Block consists of market-rate, first-floor commercial space that supports affordable artist studios and nonprofit office space upstairs, providing space for nonprofit tenants such as College Visions and the Rhode Island Council for the Humanities. It is home to 22 live/work artist studios and 24,900 sq. ft. of commercial space that includes AS220’s print shop, darkroom and media arts lab, and fabrication and electronics lab. Collectively known as the AS220 Industries, the facilities provide access to equipment, education and other resources to artists and entrepreneurs. In partnership with National Trust Community Investment Corporation, ACT carried out an assessment of job creation, quality and accessibility at the Mercantile Block in August 2015.

MAP

Address: 131 Washington Street, Providence, RI 2903

Census Tract: 44007000800

Related Projects

Glendale, (2010)