Rhode Island’s Providence Place mall has new owners, and they have ambitious plans to attract big-name tenants, including Costco.
New Owners Take Over Providence Place
WPRI-TV 12 reported, “Members of the new investment group that is set to purchase Providence Place for $133 million – Pyramid Group, Paolino Properties, and DW Partners – said they are open to a number of possibilities for the mall.”
Why Costco Is Being Considered
“Former Providence Mayor Joe Paolino, who heads Paolino Properties, said that he’d like to see a supermarket in the mall,” according to the report.
“Costco has been looking all around,” Paolino said. “There’s three states that they’re not in; Rhode Island is one of them.”
While Paolino admitted Costco does not locate in malls, he said there is no harm in asking, though he advised Costco fans not to get their hopes up.
Providence Might Have an “In” at Costco
WJAR-TV 10 reported, “Both former Governor Gina Raimondo and current gubernatorial candidate Helena Foulkes sit on the board of Costco.” That might be helpful, no?…