Malls · Rhode Island
Providence Place
Providence Place mall in Rhode Island operates but faces a 2024 foreclosure by US Bank on a $259M Brookfield loan. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from.
Site profile2 elements · what this retrofit is built with · tap a chip for the evidence
Default or watchlist
This site: research-deals · all sites with thisForeclosure or REO
This site: research-deals · all sites with thisNow
| Status | Operatingpublic reporting |
|---|
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| 2024-10 | Foreclosure · default | — | ← Brookfield Properties / GGP-Providence Place LLC · trustee U.S. Bank National Association · loan $259.0M | aol.com 2024-11 |
Securitised debt and public filers
Filings (2001 to date) that name “Providence Place” and “Providence” (3059 hits, first 100 sampled, 7 other filers such as tenants left out). Common name: these matches are unreliable. A strong match to a commercial-mortgage trust means the mall very likely backed, or backs, a securitised loan; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2004-12-10 (a sample date, not the issuance date); candidate loan vintage 2004 from the trust name. Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.
| Kind | Filer | Filings | Dates | Forms |
|---|---|---|---|---|
| CMBS trust (strong) | Banc of America Commercial Mortgage Inc., Series 2004-6 | 1 | 2004-12-10 to 2004-12-10 | 8-K 1 |
| Public owner (strong) | GENERAL GROWTH PROPERTIES INC | 21 | 2005-02-10 to 2010-10-29 | 8-K 20, 10-K 1 |
| Public owner (strong) | General Growth Properties, Inc. | 4 | 2010-12-13 to 2012-02-29 | 10-K 2, 8-K 1, 8-K/A 1 |
| Public owner (strong) | ROUSE COMPANY | 2 | 2004-05-06 to 2004-07-29 | 8-K 2 |
| Public owner (weak) | CAPITAL PROPERTIES INC /RI/ (CPTP) | 2 | 2019-03-18 to 2020-03-06 | 10-K 2 |
As reported by the owner
Property tables from the owner's annual report (Form 10-K, Item 2) on EDGAR, one row per filing year. GLA, occupancy and anchors are the filer's own figures at that year end; “leased” counts signed leases, “occupied” counts open stores; ownership is the filer's share. Matched by name and place, unreviewed; the verbatim table row is in sec_facts.csv.
| Year end | Filer | Name in filing | GLA sq ft | Occupancy | Years | Share | Sales psf | Anchors listed |
|---|---|---|---|---|---|---|---|---|
| 2020 | Brookfield Property REIT (formerly GGP) 10-K, 2021-02-26 | Providence Place Providence, RI match: exact | 1,131,000 in-line 652,000 | 96.6% leased | 85.0% | Macy's, Boscov's, Providence Place Cinemas, Dave & Buster's | ||
| 2016 | GGP Inc. 10-K, 2017-02-22 | Providence Place Providence, RI match: exact | 1,241,729 in-line 723,609 | 99.0% leased | 94.0% | Macy's, Nordstrom | ||
| 2012 | General Growth Properties 10-K, 2013-02-28 | Providence Place Providence, RI match: exact | 1,260,839 in-line 747,148 | 98.2% leased | 100.0% | JCPenney, Macy's, Nordstrom | ||
| 2009 | General Growth Properties 10-K, 2010-03-01 | Providence Place Providence, RI match: exact | 1,265,191 in-line 506,086 | Bed Bath & Beyond, Dave & Buster's, JCPenney, Macy's, Nordstrom, Old Navy, Providence Place Cinemas 16 | ||||
| 2006 | General Growth Properties 10-K, 2007-03-01 | Providence Place Providence, RI match: exact | 1,258,733 | Bed Bath & Beyond, Dave & Buster’s, JCPenney, Macy’s, National Amusements Cinema 16, Nordstrom, Old Navy |
Summary, model-written
Providence Place opened as a mall and remains operating, but in October 2024 the property entered foreclosure after a $259 million loan held by Brookfield Properties/GGP-Providence Place LLC defaulted with U.S. Bank National Association.
Why. The record cites a distressed loan or foreclosure as the reason for the opportunity score, indicating financial distress leading to the 2024 foreclosure action.
Where it stands. The site is currently operating and controlled by Brookfield Properties/GGP-Providence Place LLC, though the loan is in default with U.S. Bank as part of an ongoing foreclosure process.
For a planner
- No specific precedents or policy tools are mentioned in the record.
- Open questions include the outcome of the foreclosure process and any future land‑use or zoning changes.
For a developer
- Site size and current ownership control are not detailed in the record.
- Entitlement stage, floodplain, transit access, environmental constraints, and market signals are unknown.
What we do not know yet
- Opening date, original size, anchor tenant mix, and current occupancy are missing.
- Detailed context layers (flood, transit, environment) are not provided.
- The opp_reasons field is a stringified array, requiring interpretation.
- The record is marked as draft and verified only once, indicating thin data quality.
Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Elsewhere on the web
Pages with photos
- Providence Place shopping mall at One Providence Place at F… alamy.com
- Providence Place Mall | Providence, RI 02903 visitrhodeisland.com
- 37 Providence Place Mall Stock Photos, High-Res Pictures, and I… gettyimages.com
- Providence Place ::: Home Page search.app
- Providence Place Mall: Rhode Island's Largest Mall - Top T… top-ten-travel-list.com
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- distressed loan or foreclosure
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| Census division | 1 · New England |
|---|---|
| Notes | Record created from a 2024+ transaction, listing or loan report; no retrofit recorded. |
Not yet recorded: acres, GLA, year opened, original developer, what is there now, retrofit year. Know it? Tell us.
Sources
- Judge puts Providence Place mall into receivership · 2024-11
1 quoted sentence
The petition said the balance totaled $259,031,405.65, a figure that includes the principal balance, default interest, and other fees, as of the date of the filing.
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