One Financial Plaza in Providence Set for Auction
PROVIDENCE, RI – One Financial Plaza, popularly known as the Hospital Trust Building, is scheduled to be auctioned this Friday. This iconic 28-story structure, currently owned by JFR Global Investments based in Brooklyn, holds a significant place in the city’s skyline.
Recent assessments by the city estimate the combined value of the land and the building at approximately $40 million, indicating a potentially lucrative opportunity for interested buyers. The auction comes at a time when the real estate market in Providence is witnessing various shifts, drawing attention from both local and out-of-state investors.
As one of the tallest buildings in Rhode Island, One Financial Plaza has long been a center of business activity. The forthcoming auction will offer a chance for developers and investors to redefine its future, whether through renovation or redevelopment.
Further details on the auction process and participation can be obtained from local real estate listings and the organizing auction house. This event is anticipated to attract considerable interest and could pave the way for new ventures in the heart of Providence. Stay tuned for updates as the auction approaches.
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