86 WEYBOSSET THE STUDLEY

Originally built in 1891 as a large commercial office building for J. Edward Studley was recently redeveloped by Paolino Properties. The Studley is a six story, 65-unit apartment project within the former Studley Office Building at 86 Weybosset Street. The Project was a recipient of State of Rhode Island and Federal Historic tax credits along with a RI Housing Workforce Housing Innovation Grant. This building features 65-units that include studios and one-bed room furnished apartments with in-room laundry and flat screen TVs. The project capitalizes on Downcity’s density, strong transportation network, and growing commercial opportunities and creates much needed workforce housing in an area with high apartment prices. In addition, 14 of the 65 units are deed restricted affordable through a workforce housing innovation challenge grant.