32 Custom House St. renovation complete, to feature luxury apartments, gourmet doughnut shop

THE INTERIOR of one of the luxury apartments inside the newly renovated 32 Custom House St. in Providence. / COURTESY ASH NYC/KITE ARCHITECTS/SOUTH COAST IMPROVEMENT CO.
THE INTERIOR of one of the luxury apartments inside the newly renovated 32 Custom House St. in Providence. / COURTESY ASH NYC/KITE ARCHITECTS/SOUTH COAST IMPROVEMENT CO.

PROVIDENCE – The renovation of a historic building at 32 Custom House St. is completed and is fully leased, according to the New York-based development company.
The five-story, former office building has been converted to a mixed-use structure with 10 luxury apartments on upper floors and a street-level retail space that has been leased to KNEAD Doughnuts, which in partnership with Bolt Coffee will sell gourmet doughnuts, pastries and coffee.
The retail opening is expected in December.
The apartments were fully leased within six weeks, according to a statement Wednesday from the development company, ASH NYC.
The same development team previously renovated the Dean Hotel in Providence.
The renovation of the J.G. Eddy & Company building was expected to include $2.4 million in renovation expenses, according to Washington Trust, which announced in February it would provide financing to the property owner.
Built in 1875, the building had most recently been law offices but was empty for several years before it was purchased by HM Ventures Group 7 LLC in November 2014.
The modern residences at 32 Custom House include unique amenities, such as a ‘virtual doorman,’ city and water views, historical details and access to a private roof terrace, she said. They were leased at monthly rents ranging from $1,650 to $2,900, an indication of the appetite for new apartments in Providence with historical features and modern amenities.
The architect for the 32 Custom House building renovation was Providence-based Kite Architects, in coordination with South Coast Improvement Co., of Marion, Mass.
The city of Providence granted a tax stabilization agreement to assist in the redevelopment, which will defer full taxation on the improvements for 12 years.
The project also will qualify for $482,000 in state historic preservation tax credits, according to the R.I. Division of Taxation.

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