irons and russell95 Chestnut Street

95 Chestnut Street is a 57,000 square foot historic brick and beam office property in the center of the Knowledge District of Providence.

This property sits at the heart of the city’s Knowledge District, immediately adjacent to the former I-195 re-development parcels.

This building is surrounded by new, under construction, and recently-developed projects, including the new Johnson & Wales Engineering School, Brown University’s medical school, and Brown’s Center for Molecular Medicine.

Taking advantage of in-place state and federal historic tax credits, Waldorf is redeveloping this historic property into 57 rental apartments and one first-floor retail unit. The location, layout, and unit mix are designed to appeal to the dense population of young professionals and graduate students in this area.

At 2.9%, Providence boasts one of the lowest apartment vacancy rates in the nation.

 

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