Pawtucket mill to receive state historic tax credits for conversion to work space apartments

THE STANDARD Paper Box Mill, which produced paper products for the jewelry industry in Rhode Island, will receive state historic preservation tax credits for a conversion to work space apartments. / COURTESY R.I. HISTORICAL PRESERVATION & HERITAGE COMMISSION
THE STANDARD Paper Box Mill, pictured in 2017, produced paper products for the jewelry industry in Rhode Island. It is among the properties to have received state historic preservation tax credits for a conversion to work space apartments. / COURTESY R.I. HISTORICAL PRESERVATION & HERITAGE COMMISSION

PAWTUCKET – The historically significant Standard Paper Box Mill, which produced paper products for the jewelry industry in Rhode Island, will receive state historic preservation tax credits for a conversion to work space apartments.
The state Division of Taxation announced Wednesday the project is eligible to receive $375,000 in state tax credits on completion.
The mill, recently listed on the National Register of Historic Places, produced cardboard, paper and paper boxes beginning in 1912, and continuing through various ownership changes until the 1990s, according to a state summary.
Current owner, 110 Kenyon Ave. LLC, is in the process of converting the structure into 41 “live-work” apartments for artists and entrepreneurs, according to Jonathan Savage, managing member of the ownership group. Savage also is a founding partner of Shectman Halperin Savage LLP.
The first tenants moved in last week, Savage said. The $3 million project began in 2014 with demolition of interior areas.
The apartments will be large enough for tenants to use as active work space, he said. Already, tenants have signed on from cities including Boston and Los Angeles. They are entrepreneurs, furniture designers and artists looking for an affordable rental and work space, he said.
“It’s quite a beautiful building,” he said.
The rental range begins at $650 and extends to $2,500 a month.
“They like the sense of community,” Savage said. “They like the idea of being able to collaborate with other artistic, entrepreneurial tenants.”

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