21 Peace Street

About 21 Peace Street

Cushman & Wakefield’s Multifamily Advisory Group, in collaboration with Ten-X is pleased to present the opportunity to acquire 21 Peace Street, an unprecedented redevelopment opportunity located in 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 redevelopment potential, spanning 276,767 +/- square feet within the existing structure.

21 Peace Street offers investors and developers a rarely available a critical mass redevelopment 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 tens of thousands of 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 redeveloped 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 redevelopment paths.

Process & Pricing

21 Peace Street is available on an “as-is, where-is” basis and is being offered without a formal asking price. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Tour dates will be made known to registered buyers prior to the auction deadline. Please visit www.Ten-X.com to sign the confidentiality agreement, download the due diligence materials, and register for the auction. The live online auction will commence on January 27th and will conclude on January 29th, 2025.

Ten-X Link: https://www.ten-x.com/listing/21-peace-st-providence-ri-02907/33883729/