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Washington Trust Provides $23.6 Million in Financing for Mixed-Use Redevelopment of Pontiac Mill in Warwick, RI

WASHINGTON TRUST (WASH)  More Company Research Source: GlobeNewswire
PDF WESTERLY, R.I., Nov. 30, 2017 (GLOBE NEWSWIRE) -- Washington Trust’s Commercial Real Estate Group recently provided $23.626 million in financing to Union Mill, LLC, for the mixed-use redevelopment of Pontiac Mill in Warwick, Rhode Island. Originally constructed in 1863, Pontiac Mill is a 368,472 square-foot former textile mill comprised of 24 buildings across a 15 acre site. The redevelopment of the property will convert the buildings into 130 loft-style residential units and 46,009 square-foot of commercial space. The apartments will include 11 studio, 109 one-bedroom and 10 two-bedroom units. Each will be large, loft-style units with high-quality finishes featuring exposed brick walls and beams, high ceilings, large insulated windows, stainless steel kitchen appliances, granite countertops and tiled bathrooms. Common areas across the property will include a state of the art fitness center, dog run, garden areas, common sun deck overlooking the Pawtuxet River, kayak launch and clu [Read more]

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