News: Rhode Island

Deluski of BankRI provides $2.7 million commercial mortgage

BankRI provided a $2.7 million commercial mortgage to Harrisburg Associates LLC to refinance the properties located at 220-232 Westminster St. The property consists of two connected mixed-use buildings. 220 Westminster St. aka the O'Gorman Building is a 6-story building containing 16,332 s/f with 5 upper floor apartments and 2 ground floor commercial units. The second building at 232 Westminster St. aka the Burgess Building is a 4-story 15,551 s/f structure with 8 upper floor apartments and 2 ground floor commercial units. The buildings were constructed in the late 1800s and early 1900s and were rehabilitated for residential over commercial use in 2002-2003. Andrew Deluski, VP senior business lender in the commercial real estate group at BankRI facilitated the transaction.
MORE FROM Rhode Island

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
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