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Union carpenters, pension $ put to work in Providence
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Rhode Island Governor Lincoln Chaffee and Providence Mayor Angel Taveras were among those on hand today for a ceremonial groundbreaking for The Highlands on the East Side in Pro. The project is a renovation of senior housing that will become an assisted living facility. The project is being financed by the New England Carpenters Pension Fund and led by union general contractor CWC. It will provide an eventual monetary return to the Fund while providing immediate employment opportunities to union carpenters, economic activity for Providence and badly needed housing for an aging population.

The building is owned by Halkeen Management if Norwood, Massachusetts and will eventually provide 64 unites of housing, including Alzheimer's and Dementia apartments in a variety of layouts.

The Carpenters Pension Fund is investing in the project as part of their diversified investment portfolio.

The groundbreaking was covered briefly by Providence Channel 10.

 

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