PROVIDENCE – A newly constructed apartment building in College Hill, which opened in June, has secured tenants for nearly all of its 267 beds.
Completed by Gilbane Development Co., the structure includes 95 suite-style apartments on four floors.
The 267-bed development, called 257 Thayer, has one-, two- and three-bedroom units but is leased by the bed, a relatively new arrangement in which a professional management company holds individual leases with the apartment occupants.
A spokeswoman this week reported about 90 percent of the beds have been leased. Only the largest apartments have remaining occupancy, according to the website, at www.257thayer.com.
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