Urban Planet thread urbanplanet.org/forums/index.php?showtopic=8548
During 2003 and 2004, partners Peter Case (Truthbox architects) and George Potsidis acquired and renovated the former Parkin Yarn spinning mills. After 20+ years of vacancy, the large, five story mill was given a new life as 25 condominium apartments, some of the first such units in Pawtucket during the late nineties/early oughts.
It might be hard to remember, but this site was once considered to be developed into a Home Depot or a similar urban strip mall type of thing. Thank God cooler heads prevailed, as it is hard to imagine the Church Hill District without this property.
Luckily, the building was purchased with Federal money, and the City of Pawtucket had a lien on the building as well. The use of Federal funds prohibited the possibility of tearing the structure down, since it was also listed on the National Register of Historic places.
Nearly 8 years of planned developments disintegrated before Case and Potsidis finally came to the table with strong financing backing them up. State Historic Tax Credits were also instrumental in the success of this project.
While originally targeted to artist and “artist-types”, the building has been condos for five years now. Some units come onto the rental or retail market at around $1200-$1500 a month or $230,000-$300,000 to purchase.
The building itself was built originally as the Campbell Machine Shop, a manufacturer of lock stitch, wax thread sewing machines.
Tom Parkin and Percy Hodgson started Parkin Yarn MIll in 1922. The company started with only 14 employees, and many of them did double duty. Percy, for example, was a general manager, superintendent, bobbin boy, master mechanic, salesman and stenographer. During World War II, the mill was engaged in 100 percent war work.
Wish we had more history on this building... send us some if you have it.
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