{"id": "m-be655da72a", "slug": "providence-providence-place", "type": "mall", "name": "Providence Place", "aka": null, "city": "Providence", "county": null, "state": "RI", "country": "US", "census_division": 1, "lat": null, "lon": null, "geocode_method": null, "address": null, "metro": null, "original_use": "mall", "year_opened": null, "year_closed": null, "acres": null, "gla_sqft": null, "stores_peak": null, "levels": null, "original_developer": null, "original_architect": null, "before_notes": "Record created from a 2024+ transaction, listing or loan report; no retrofit recorded.", "strategy": [], "new_use": null, "share_retrofit": null, "status": "operating", "year_retrofit": null, "developer": null, "architect": null, "after_notes": null, "narrative": null, "narrative_license": null, "narrative_source": null, "zoning_change": null, "public_subsidy": null, "entitlement_year": null, "planning_notes": null, "wikidata_qid": null, "wikipedia": null, "osm_id": null, "verified": "draft", "verified_by": null, "last_verified": null, "last_updated": "2024-10", "created": "2026-10-18", "contributor_name": null, "contributor_org": null, "contributor_link": null, "international": 0, "county_fips": null, "opp_score": 10.0, "opp_reasons": ["distressed loan or foreclosure"], "for_sale": 0, "distressed": 1, "url": "https://retrofitatlas.org/malls/ri/providence-providence-place/", "events": [], "sources": [{"id": 6902, "site_id": "m-be655da72a", "url": "https://www.aol.com/judge-puts-providence-place-mall-212634494.html", "title": "Judge puts Providence Place mall into receivership", "publisher": null, "date": "2024-11", "quote": "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.", "kind": "news", "license": null, "retrieved": "2026-10-18"}], "deals": [{"id": 381, "site_id": "m-be655da72a", "kind": "foreclosure", "date": "2024-10", "year": 2024, "acres": null, "sqft": null, "buyer": null, "seller": "Brookfield Properties / GGP-Providence Place LLC", "broker": null, "lender": "U.S. Bank National Association", "loan_maturity": null, "loan_status": "default", "listing_url": null, "status": null, "notes": "", "source_url": "https://www.aol.com/judge-puts-providence-place-mall-212634494.html", "source_title": "Judge puts Providence Place mall into receivership", "source_date": "2024-11", "quote": "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.", "verified": "draft", "retrieved": "2026-10-18"}], "parties": [], "parcels": [], "context": {"assessment": {"what_happened": "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."], "risks_and_unknowns": ["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."], "data_quality": "thin", "one_line": "Providence Place mall in Rhode Island operates but faces a 2024 foreclosure by US Bank on a $259M Brookfield loan.", "model": "nvidia/nemotron-3-super-120b-a12b", "machine": "NVIDIA API via Hermes CT", "record_sha1": "39a4761fdef1"}, "edgar": {"query": "Providence Place", "city": "Providence", "total": 3059, "name_only_total": 37, "common_name": true, "sampled": 100, "latest": "2021-03-10", "earliest": "2001-02-26", "cmbs": [{"name": "Banc of America Commercial Mortgage Inc., Series 2004-6", "cik": "0001310851", "n": 1, "first": "2004-12-10", "last": "2004-12-10", "forms": {"8-K": 1}, "cmbs": true, "kind": "cmbs", "sic": "6189", "acc": "0000914121-04-002560", "doc": "bc245879-ex99.txt", "adjacent": true, "vintage": 2004}], "public": [{"name": "GENERAL GROWTH PROPERTIES INC", "cik": "0000895648", "n": 21, "first": "2005-02-10", "last": 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"0000950134-03-012682", "doc": "d08999e10vq.txt", "adjacent": false}, {"name": "UNITED NATURAL FOODS INC  (UNFI)", "cik": "0001020859", "n": 1, "first": "2008-10-20", "last": "2008-10-20", "forms": {"8-K": 1}, "cmbs": false, "kind": "other", "sic": "5141", "acc": "0001171520-08-000611", "doc": "ex99-1.htm", "adjacent": false}, {"name": "MAY DEPARTMENT STORES CO", "cik": "0000063416", "n": 1, "first": "2003-07-30", "last": "2003-07-30", "forms": {"8-K": 1}, "cmbs": false, "kind": "other", "sic": "5311", "acc": "0000063416-03-000111", "doc": "july8k.txt", "adjacent": false}, {"name": "Hampden Bancorp, Inc.", "cik": "0001375320", "n": 1, "first": "2012-06-08", "last": "2012-06-08", "forms": {"8-K": 1}, "cmbs": false, "kind": "other", "sic": "6036", "acc": "0001157523-12-003258", "doc": "a50304773ex99_1.htm", "adjacent": false}], "forms": {"8-K": 43, "10-K": 40, "10-K/A": 13, "8-K/A": 2, "10-Q": 2}, "url": "https://efts.sec.gov/LATEST/search/#/q=%22Providence%20Place%22%20%22Providence%22&forms=10-K,10-D,8-K,10-Q,ABS-EE&dateRange=custom&startdt=2001-01-01", "retrieved": "2026-10-20", "v": 4, "adj": ["0000039911", "0000085388", "0000352363", "0000850209", "0000863821", "0000874016", "0000895648", "0000910721", "0000912463", "0000926295", "0001018840", "0001051251", "0001060232", "0001166126", "0001310851", "0001337885", "0001496048", "0001527531"], "adj_total": 52, "first_in_sample": "2004-12-10", "securitised": null, "vintage": 2004, "vintage_strong": true, "source": "SEC EDGAR full-text search"}, "sec": {"reit": [{"filer": "Brookfield Property REIT (formerly GGP)", "filed": "2021-02-26", "as_of": "2020-12-31", "url": "https://www.sec.gov/Archives/edgar/data/1496048/000149604821000006/ggp-20201231.htm", "match": "exact", "name": "Providence Place", "city": "Providence", "state": "RI", "gla_sqft": 1131000, "gla_inline_sqft": 652000, "year_built": null, "year_acquired": null, 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