Company turning old Central Falls mills into luxury apartments - ABC6 - Providence, RI and New Bedford, MA News, Weather

Company turning old Central Falls mills into luxury apartments

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By: Melissa Randall
 
mrandall@abc6.com  

A groundbreaking ceremony was held Monday at the site of an old mill on Roosevelt Ave in Central Falls. A local company purchased it and two other buildings and has been slowly rehabbing them into luxury apartments.    

The ceremony marked the beginning of a process to rehab 90 additional units- completing a full city block of mill renovations. The city hopes the project will bring life back to Main Street.  

“We're pretty excited about it. It's the last year– we've been on it for almost 10 years,” said Jevon Chan, Project Manger for Tai-O Group.  

Two of the renovated mills which sit all in a row are already up and running. In total they are home to 70 apartments. The groundbreaking is for the third and final mill.  

“This is a new kind of housing type for the city– one that will bring a new kind of resident– young, urban professionals here to the city to hopefully energize our main streets and bring disposable income to our small businesses,” said Stephen Larrick, Director of Planning and Economic Development for Central Falls.  

Anthony Leiger owns Katrina's Country Kitchen and Pub which is right across the street. He has already gotten a taste of the new business the mills are bringing in and is excited to see more new faces for breakfast and lunch.  

“I'm hoping to at least improve 30 to 40 percent,” said Leiger.  

The Mill’s owners say the location- right along the banks of the Blackstone River, as well as the building’s easy access to the highway- are already attracting potential tenants.  

“I really do believe it will work here. We've had a very, very successful occupancy rates. We're near 100% all the time,” said Chan.  

Names are already being placed on a waiting list for the new mill building. The average rental price is between $1200 and $1300 a month. Owners hope to be moving tenants in by the end of the year.  

The project also brings about 100 construction jobs.  

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