The History of The Kinsley Building
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The Kinsley Building is built by Martin & Hall Architects as an investment property for the heirs of Sarah B. Cranston, with offices on stories 2-5 and retail stores on the ground floor.
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The building is home to a wide variety of small businesses and offices, located directly adjacent to the Nickel Theater, soon to be replaced by the Albee Theater.
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The building is bought by downtown developer Henry Kates, who leases the ground floor to the Army Armed Forces recruiting center.
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Kates sells the building to a Dutch investment group represented locally by Didier Sartor. The Kinsley Building is their first investment in the United States. Kates stays on as manager of the property.
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The building sits at 85% vacancy with over 24,000 square feet of vacant class C office space.
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The building's upper stories remain vacant while a nightclub on the ground floor struggles to retain its licenses.
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New owner, Johnson & Wales University, abandons the building, moving their offices to another of their campus properties with plans to sell the building. The Kinsley Building sits vacant for 5 years.
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Cornish Associates purchases the property from Johnson & Wales University with plans for a mixed use rehabilitation project.