Paolino Properties buys Tilden-Thurber building for $712K

Paolino Properties has purchased the historic Tilden-Thurber building in downtown Providence, with a plan to rehab the building as retail and office space. / PBN PHOTO/MARY MACDONALD
Paolino Properties has purchased the historic Tilden-Thurber building in downtown Providence, with a plan to rehab the building as retail and office space. / PBN PHOTO/MARY MACDONALD

PROVIDENCE – Paolino Properties has purchased the historic Tilden-Thurber building in downtown Providence, with a plan to rehab the building as retail and office space. It was built in 1895.

The building at the corner of Westminster and Mathewson streets sold for $712,000, according to a news release. The building was assessed this year at $910,800 as part of the city’s three-year revaluation. The previous assessment, recorded in 2013, put the value at $614,500, according to online property records.

Paolino Properties purchased the building from Stanley Weiss Associates LLC.

The building originally was built as a retail store for the former Gorham Manufacturing Co., a maker of fine sterling silverware and jewelry. For much of the next century, it was a destination for shoppers.

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In 1897, Lizzie Borden, then recently acquitted of murdering her parents, was reported to Providence Police as having shoplifted a decorative item from the store. The matter was resolved out of court, according to a report in the Providence Journal.

For the last 25 years, the building has been used as a collection space and offices for the Stanley Weiss Collection, which sells American and English antique furniture of the 18th and 19th centuries.

The building is surrounded on two sides by the Lapham Building. It was built in the Beaux Arts architectural style.

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