BERNON MILLS ESTATES CONDOS

For Immediate Release

Woonsocket native is building high end luxury condos in a down economy for the love of the city.

Let’s be honest, real estate development is about making money.  However for Steven Lima, Partner of Bernon Mills Redevelopment LLC and President of FutureCom Ltd., it is about making Woonsocket the great city it used to be.  After finding the mill site in 2001 for his business Future Com, Lima decided that the best use for these amazing buildings would be to convert the 176 year old property into a high end residential condominium development.  The development had gotten underway in 2005, and with no tax credits or government funds, and numerous obstacles to overcome, the units are finally ready to be sold.  The Woonsocket market is saturated with condos from the real estate boom so it was important for Lima to make Bernon Mills Estates stand out and provide amenities that no one else is offering.  Lima is creating a “Community Within A Community” where residents take pride living in “Bernon Mills Estates” similar to the way Lincoln, RI residents living in “Kirkbrae” or Boston, MA residents who reside in the “Back Bay.”

The Bernon Mills were built in 1827 by the Russell Manufacturing Company.  They wanted to create a mill village that was beautiful, profitable, and also pleasant to work at.  Two prominent Providence industrialists, Sullivan Dorr and Crawford Allen, bought out the Russell Manufacturing Company and founded the Woonsocket Mill Company at the site.  They would also give the village today’s name of Bernon.  They would build a stylish Greek revival building one year later.  There would be a total of four buildings by 1859.  The Woonsocket Mill Company had 15,000 spindles, 337 looms and 300 employees involved in cotton print goods manufacturing by 1889.  By the turn of the century the site would be purchased and converted into Woonsocket’s first electric power company, the “Woonsocket Electric Machine and Power Company”.

“Live in the lap of luxury without the price tag.” Bernon Mills Estates is a gated community that features 48 luxurious units with top of the line appliances, granite countertops, hardwood floors, and luxury baths.  The selling point is the amazing stone/brick/granite walls and being right on the Blackstone River.  On site amenities include a fitness center, business conference rooms, two overnight guest suites, indoor/outdoor patio, and transportation to the Franklin train stop for Boston commuters.  Lima also has a passion for kayaking and plans to build a dock on the property for kayaking down the Blackstone River.  Each unit has a different name to show the uniqueness of the buyer’s touch to their unit.  There is also a modest brick building on the site that used to be the stables for the power company, Lima’s passion and commitment for the city and this project is very clear with his plans to restore this building and make it his personal residence.

Security First Mortgage Funding is proud to announce a special financing program available for qualified buyers.  Terms up to 40-years.  First 3-Years at 4%; Years 4-6 at 4.5%; and for the remainder of the mortgage term a rate of 5%. (4.83% APR), for qualified buyers. No Points and No PMI. Initial Principal and Interest payments of $41.80 for every $10,000.00 borrowed.  Pay less than rent and own your condo in this luxury gated community located on the Blackstone River in downtown Woonsocket, R.I. Contact Rich McNally at 800-245-4687 for details, terms and conditions subject to change without notice.

Take the time to see this living history!