As real estate advisor and project manager, Peregrine completed the development of the 8.5-acre, 200,000 gross square foot mill complex (circa 1858) in East Providence, RI. This project involved the preservation-driven adaptive re-use of a former industrial, brownfield facility to a mixed-use campus consisting of 89 residential apartments, 60,000 square feet of commercial office and 7,800 square feet of retail space. The project included complex debt/equity financing involving historic tax credits and institutional debt.
In 2011, Phase II successfully restructured project financing and delivered 23 new apartments and over 10,000 square feet of commercial and retail space.
Phase III of the project consisted of an additional 68,000 square foot 5-story residential building. This phase of the campus project was completed October 2017.