The Real Estate is comprised of approximately 2.23 acres of land located in what is designated as the Conant Thread Zoning District in the City of Pawtucket. Previously situated upon the Subject Property were mill buildings with a total gross area of approximately 99,206 sq. ft. As part of the Court-supervised process, the Mastership in coordination with the Pawtucket Redevelopment Agency has demolished the mill buildings previously situated on the Real Estate. In turn, the Real Estate presents a unique opportunity for re-development within an urban economic hub.
The Real Estate is conveniently located within short walking distance from the forthcoming MBTA Commuter Rail and Transit Hub, with easy access to Interstates I-95, I-195, I-295, and I-495. The location of the Real Estate offers a variety of options for the potential re-development of a “transit oriented development” that could include a hotel, apartments, restaurants and cafes, galleries, shops, and office spaces.
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