Arcade Micro-Lofts Nearly Sold Out, Says Mott & Chace Sotheby’s International Realty

Arcade Micro-Lofts Nearly Sold Out, Says Mott & Chace Sotheby’s International Realty

Mott & Chace Sotheby’s International Realty has announced their partnership with the Arcade Providence has resulted in a near sell-out of the micro-lofts in just under a year.

As the exclusive brokerage for the Arcade, the firm has sold 29 of the 39 units available for purchase. This is the second large-scale condominium sell out for Mott & Chace Sotheby’s International Realty this year after the 903 Residences.

Cheryl Andreozzi, Sales Associate, has been managing the deal. 

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“It has been an honor to play a role in this project. I am grateful to the management team at Granoff Associates LLC for giving Mott & Chace Sotheby's International Realty this opportunity and putting their confidence in us to execute a business and marketing plan that has allowed for housing opportunities in a groundbreaking and adaptive reuse development," said Andreozzi. 

According to the data available from Rhode Island Multiple Listing Service, the brokerage done nearly $4.5M in total sales volume. With less than ten remaining units, Arcade Providence is projected to be sold out before the end of this summer.

 

About Arcade Lofts

Built in 1828, the Arcade Providence is the nation's oldest indoor shopping mall and was declared a National Historic Landmark in 1976. The distinguished Greek Revival architecture, such as the interior atrium and exterior façade and six Ionic 45-foot-high columns, still stands barely touched. Watching over Westminster and Weybosset Streets, the first-floor retail community includes dining, unique shops, and salon services.
 
The residential micro-lofts, offering residents the opportunity to own a small attractive living space in the most recognizable building in the center of downtown Providence, are efficiently designed to provide a unique opportunity to live in an urban environment close to Providence’s universities, restaurants, hospitals, and the financial district. 

The dwellings feature built-in seating, bed frame, and storage. Equipped with a dishwasher, apartment sized refrigerator, microwave and wall mounted television, each unit is move-in ready. The upper residential floors are accessible by elevator or stairs, and common spaces are private and secure. The Arcade Providence offers bike storage and a ramp located on the lower level. Public transportation, such as the AMTRAK train and RIPTA bus system, is just a short walk away.
 
For more information about remaining available units, contact Cheryl Andreozzi.