The Plant

New Markets Tax Credit Coalition

Providence,
RI
(2006)

The Plant

Historic Rehabilitation, Mixed-use, Retail, Retail and Commercial

Historic rehabilitation of a building into a mixed-use facility with live/work and retail space.

Investment

NMTC Amount: $17,829,478
Total Project Cost: $20,371,375

IMPACT

98 FTE jobs
40 construction jobs
27,264 sq. ft. of real estate

CDEs

Chevron NMTC Fund, Local Initiatives Support Corporation, Urban Action Community Development

Investor

US Bank

Project Description

Historic rehabilitation of a building into a mixed-use facility with live/work and retail space. The Plant project is located on Valley Street in the heart of Providence’s emerging mill district and calls for the conversion of a former mill complex into 17 residential rental units, 15 live/work artist lofts, 27,264 sq. ft. of commercial space, and 114 parking spaces.

MAP

Address: 60 Valley Street, Providence, RI 2909

Census Tract: 44007001900

PDF Profile

Other Rhode Island Projects

Providence Community Health Center

Providence,
RI
(2021)

Behavioral Health, Community, FQHCs

CDE(s): Community Health Center Capital Fund, Primary Care Development Corporation

New construction of a 26,600 sq. ft. facility , which is PCHC’s 12th health center site.

PCHC Capitol Hill

Providence,
RI
(2013)

Community, FQHCs, Healthcare, Retail

CDE(s): Chase, Consortium America

Financing supported the rehabilitation of a 45,000 sq. ft. building into hospital, office, and clinical space.

Merchantile Block

Providence,
RI
(2010)

Historic Rehabilitation, Mixed-use

CDE(s): National Trust Community Investment Corporation

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.

Southside Community Land Trust

Providence,
RI
(2022)

Incubator

CDE(s): The Reinvestment Fund

Investment will support Southside Community Land Trust (“SCLT”) in renovating a 12,000-sf building for new Farm-to-Market Center in Providence, Rhode Island. Construction is a […]