Cushman & Wakefield’s Multifamily Advisory Group, in collaboration with Ten-X, is pleased to present the opportunity to acquire 21 Peace Street, an unprecedented development opportunity located in the heart of Providence, Rhode Island. Bound by Plenty Street to the north, Elmwood Avenue to the west, Peace Street to the south, and Broad Street to the east, the site encompasses approximately 3.3 acres of development potential, spanning +/- 276,767 square feet within the existing structure.

21 Peace Street offers investors and developers a rarely available critical mass repurposing site in one of Providence’s most sought-after neighborhoods. As the third-largest city in New England, Providence is known as an epicenter of higher education, with eight college and university campuses located in the city, attracting several thousand undergraduate and postgraduate students to the area each academic year.

21 Peace Street, affixed with favorable zoning, will offer new ownership several different potential end uses for the asset. By-right zoning allows for multifamily, educational, healthcare, office, medical, and research uses.

The longtime home of St. Joe’s Hospital for over a century, the existing shell presents an ideal opportunity for developers in search of a substantial property with the critical mass and the physical specifications to pursue several different potential development paths.

Property tours are available by appointment only. Please contact the listing broker to schedule.