ONE Neighborhood Builders builds and renovates housing units for purchase by first-time homebuyers or for rental at affordable rates. ONE NB also seeks to promote economic development through commercial real estate development projects in the business corridors of Olneyville and Elmwood.
Through the years, ONE Neighborhood Builders has developed 330 affordable apartments and over 115 single family homes in Providence, as well as more than 50,000 square feet of commercial and community space that provide amenities and job opportunities. These spaces include preservation of historic buildings – returning residents and commerce to these important landmarks.
ONE NB’s newest development project, Amherst Gardens (breaking ground in the fall of 2015), is focused around Amherst Street in the residential core of Olneyville. This small pocket in the neighborhood was among the areas most devastated by the foreclosure crisis. The project will transform 13 foreclosed and blighted properties into attractive and stable housing for 36 families. Additionally, ONE NB acquired Paragon Mills and the Imperial Knife Factory – two historic buildings totaling over 200,000 sf of space in key neighborhood locations. Paragon Mills will be redeveloped for commercial uses to create new jobs and serve as the linchpin to broader economic development in the Olneyville Square commercial district. The Imperial Knife Factory will be redeveloped as a mixed-use facility with rental apartments for low to moderate income persons, including “live-work-sell” lofts for artists.