The History of The Kinsley Building
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.
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.
The building is bought by downtown developer Henry Kates, who leases the ground floor to the Army Armed Forces recruiting center.
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.
The building sits at 85% vacancy with over 24,000 square feet of vacant class C office space.
The building's upper stories remain vacant while a nightclub on the ground floor struggles to retain its licenses.
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.
Cornish Associates purchases the property from Johnson & Wales University with plans for a mixed use rehabilitation project.