woonsocket

Woonsocket Bank Building For Sale For A Song

You could buy a condo for $625,000 or, if you are in Woonsocket, Rhode Island you could buy a whole building and turn it into condos or whatever else you like. The ornate Rhode Island Hospital Trust building across from City Hall on Main Street has been listed for sale after the current owners abandoned plans to turn the building into condos. The current owners, Woonsocket Main Street Developers bought the property for $400,000 in 2006.

The building is a former bank that has around 35,000 square feet of space, including a lobby complete with Corinthian columns and a gilded ceiling. It was built in 1930 and has elevators, a night-deposit drop box and the original bank vault. The last tenant, the Rhode Island Division of Motor Vehicles, moved out in 2006. Listing agent Garrett Mancieri of Keller Williams Realty, said potential ideas for the building include a boutique hotel, office condos or retail.

Gallery: Woonsocket Office Building For Sale

Tags: rhode island real estate, woonsocket

Bernon Mills Estates, A New Life For An Old Factory

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

New England's past as a manufacturing center has yielded a bumper crop of former mills and warehouses that have a second life as luxury condos. Bernon Mills in Woonsocket, Rhode Island was built in 1827 by the Russell Manufacturing Company. A pair of prominent Providence industrialists, Sullivan Dorr and Crawford Allen, bought out the Russell Manufacturing Company and founded the Woonsocket Mill Company at the site giving the surrounding village today's name of Bernon. They would balso uild also a stylish Greek revival building one year later for a total of four buildings by 1859. By 1889 the Woonsocket Mill Company had 15,000 spindles, 337 looms and 300 employees. Later the site would be purchased and converted into Woonsocket's first electric power company, the "Woonsocket Electric Machine and Power Company."

So far there are 48 units with Wolf and Sub Zero appliances, granite countertops, hardwood floors and exposed stone walls. On site amenities include a fitness center, business conference rooms, two overnight guest suites, indoor/outdoor patio, and transportation to the Franklin train stop for Boston commuters The size of the units in the first phase are modest but so are the prices. A top floor penthouse with over 1300 square feet of space is listed at $299,000.

Gallery: Bernon Mills Estates