The news of the sale of one of the larger buildings in the Jewelry District was reported this morning in the Providence Journal.
"Massachusetts developer Kenneth Hecht told The Journal on Tuesday that he is selling the Irons & Russell Building in the Jewelry District to an outfit that plans on converting much of the historic building to apartments." Read the story here.
The as-yet unannounced buyer can take advantage of $750,000 in historic restoration tax credits recently awarded to the building.
When the building was purchased by Hecht Development several years ago, the intention was continued use as an office building. It is on the National Register of Historic Places. And, among other features houses the last manually operated elevator in Providence. Take a virtual ride with elevator man extraordinaire Danny Scott on this remarkable artifact in this video shot in 2012 by the Providence Journal. Play video.