This Week's Poll

What do you think of the new plan to transform the Arcade into a mixed residential-retail property?

I like it 75% | 206 votes
I don't like it 13% | 36 votes
I'm not sure what to think 12% | 32 votes
Posted 1/29/12

With the formal announcement last week of a $7 million plan to rehabilitate the historic Arcade building and turn it into a mixed-use complex of shops and “micro-loft” apartments, Evan Granoff becomes the latest developer to try and turn the 1828 landmark into a fully-used modern structure.

The plan calls for the first floor to include stores and restaurants, much as the most recent incarnation of the Arcade did.

However, the twist on this plan calls for the second- and third-story spaces, formerly small retail shops, to be turned into 220- to 270-square-foot furnished apartments, starting at $550 per month and targeted at recent college graduates and young professionals.

Do you think this plan will work?

3 comments on this story | Add your comment
Please log in or register to add your comment
Mister_Smithers

It beats the heck out of letting it sit vacant year after year. How do you rent that many small living spaces so close to each other without having a lot of tenant disputes? Hire a big burly House Mother to keep the peace? It could work. I give them credit for being creative! Pawtucket did something like this, but the spaces were all dedicated to artists studios. That seemed to work well.

Monday, January 30, 2012 | Report this
OrangesPoranges

I work in this neighborhood and say "bravo" to Granoff for finding a creative and logical use for the building. Those of us who work here will welcome the small eateries and other first floor shops, as well as the young professionals who will actually be able to afford living here.

Wednesday, February 1, 2012 | Report this
brgrgb@gmail.com

Might be worth doing some 440-570sf apartments for $1100 - even at this double size,m the units will be extremely small by contemporary standards. Bravo for trying this out -has great potential, and could save this very special historic structure and the history it represents architecturally, commercially, and culturally.

Thursday, February 2, 2012 | Report this
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News