Joe Paolino — 23 Who Made a Difference in RI in 2023
GoLocalProv Business Team
Joe Paolino — 23 Who Made a Difference in RI in 2023
In February, Paolino bought the former RDW advertising agency headquarters on Smith Street in Providence.
In March, Paolino Properties announced it was buying 70 Kennedy Plaza, historically known as the Peoples Savings Bank Building. Built in 1947, the building sits between Kennedy Plaza and Westminster Street.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST“I purchased this building because it is important to me that we create a lively and attractive neighborhood in downtown Providence for our residents, businesses and visitors. For far too long, I have watched the downtown area, particularly this building, deteriorate through neglect,” said Paolino, who serves as managing partner of Paolino Properties. “I have always believed in a vibrant downtown and will continue to do so, which is why I have invested in the immediate neighborhood.”
His office said, "70 Kennedy Plaza was previously owned by an out-of-state company, which left it in dire need of repairs due to neglect. In recent years, the building’s ground floor commercial space has been vacant since the departure of CVS. It currently houses several residential tenants on the upper floors."
“Our only immediate plans for the building include maintaining its infrastructure and finding a tenant for the building’s ground floor retail space,” Paolino said.
Beatrice Hotel Continues to Shine
In October, Condé Nast Traveler announced the results of its annual Readers’ Choice Awards, with The Beatrice in Providence recognized as the "#6 Hotel in The Northeast."
“We are thrilled to be honored by Condé Nast Traveler and to be featured in this year’s Reader’s Choice Awards,” said Paolino. “This recognition is a testament to our commitment to making Providence a top destination known for its historical charm, vibrant downtown, world-class restaurants, and esteemed colleges and universities. We are excited to continue to be a place for both business and leisure travelers to call home while exploring our dynamic city’s celebrated attractions.”