Admiralty Realty Management LLC.
Strategic real estate investment, management and advisory services.
Admiralty Realty Management LLC is a real estate development, investment and management company whose activities include the development of Davol Square in Providence, Rhode Island and the expansion of this development to include River House, a residential and mixed-use complex.
Davol Square is a three-building, mixed-use office and retail complex situated on a three acre site in the Jewelry District of Greater Downtown Providence, Rhode Island. Originally built as a mill in 1875 for the manufacturing operations of the Davol Rubber Company, the renovated Davol Square is today a vibrant, fully-occupied mixed-use atrium complex with such national tenants as Brown University and Lifespan and prominent local tenants The Hi-Hat and Davol Square Fitness and Spa.
The Property was recently refinanced for the purpose of providing funds for the development of the property’s two acre parking lot. This development site, “The River House,” will be a mixed-use residential and commercial project fronting the Providence River and separated from the existing building complex to allow for greater design flexibility as Admiralty is working closely with the City of Providence and local and national institutional users on this exciting development opportunity.
Davol Square was built as a mill in 1875 and, after renovations in 1982 and 1992, was successfully converted to its current, fully-occupied, mixed-use character by Admiralty Realty Management in 2001. An affiliate of Admiralty current serves as Managing Member of the Davol partnership and acts as Managing Agent for the complex.
Commonwealth Venture LLC, a Connecticut-based real estate firm controlled by the prominent New England real estate developer and investor, Dick Galvin, has a minority interest in Davol Square and is leading the development effort for The River House.