In this video, see inside a new Atwells Avenue building looking to work with tenants to fill its spaces. Since the building is under construction, One Neighborhood Builders wants to get its commercial tenants signed up so they can use the crew that’s already on the site to reduce the total costs for a build-out.
“A view of 434 Atwells Ave., in October 2025, where construction is underway for a mixed-use 85-unit building for affordable housing and commercial tenants. One Neighborhood Builders is planning to name the five-story affordable housing building, “The Avenue”.
One Neighborhood Builders is trying to fill two to three commercial spaces on the ground floor of its new mixed-use five-story building going up at the corner of Knight Street at 434 Atwells Ave.
Since the building is under construction, One Neighborhood Builders wants to get its commercial tenants signed up so they can use the crew that’s already on the site to reduce the total costs for a build-out.
By the early spring of 2027, if all goes to plan, a formerly blighted stretch of one of East Providence’s most central, downtown corridors will open its doors as an example of the possibilities that exist when creative minds and altruistic organizations work together to combat the state’s significant affordable housing problem.
But the road to get to this point, and indeed the road left to be traveled, also underscores a troubling reality facing nonprofit developers; who make it their mission to build truly affordable housing at a rate that will make an actual difference in the lives of the thousands of people who need it, and without steamrolling residents in the process.
One Neighborhood Builders (ONB), one of the state’s leading nonprofit affordable housing and community development organizations, announced it has secured a $3 million loan from the Rhode Island Foundation to fully fund phase one of its Center City Apartments (CCA) development in East Providence.
Published by PBN Staff, 10/1/25 EAST PROVIDENCE – One Neighborhood Builders has secured a $3 million loan from the Rhode Island Foundation for the first phase of its Center City Apartments development in the city. The loan announced Wednesday allows the nonprofit to secure financing for the first 95 apartments of the 144-unit development spanning three buildings along Taunton Avenue. Groundbreaking and construction are expected to begin this fall. “We’re grateful to the Rhode Island Foundation for their continued partnership and trust in our organization,” said Peter Chapman, One Neighborhood Builders CEO and president. “Access to this capital speeds up our ability to commence construction and…
This month’s Fresh Fridays analyzed the topic of workforce development as a pathway for economic mobility. The conversation focused on workforce development programs available to Rhode Islanders, how organizations offering these programs fit within the broader ecosystem, and anticipated economic pressures resulting from changes to SNAP and Medicaid work requirements by the federal government.
One Neighborhood Builders’ The Avenue is under construction and features 3,200 sq.ft. of commercial space For Immediate Release: September 22, 2025 Providence, RI—One Neighborhood Builders (ONB), one of Rhode Island’s leading nonprofit affordable housing and real estate developers, is seeking tenants to lease 3,200 square feet of new construction commercial space on Atwells Avenue in Providence. Located at 434 Atwells Ave in the heart of Federal Hill, this is a rare built-to-suit opportunity to lease new construction store frontage in this historic and vibrant neighborhood. The commercial space is currently under construction and is part of ONB’s The Avenue development…
The company announced that Berkadia Housing Partnership XV 2025 will help finance the development and rehabilitation of 434 affordable housing units across six properties in five states—California, Colorado, Maryland, Virginia, and Rhode Island.
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