Washington Trust provides $11 million in financing to Track 15 Operating, LLC

For transformation of former Union Station into reimagined food hall

PROVIDENCE, R.I., March 31, 2025 /PRNewswire/ -- Washington Trust's Commercial Banking Group recently provided $11 million in financing to Track 15 Operating, LLC for construction and equipment financing for Track 15, an 18,000 square foot food hall located in the former Union Station, One Union Station, Providence, R.I.

Paying homage to the station's history, Track 15 is the most recent "track" to be added to the 14 original railways that once existed in the terminal. The space features seven Rhode Island-based restaurateurs each offering a unique and delicious concept. Guests can try modern Indian from Little Chaska, Middle Eastern cuisine from Tolia, seafood from Dune Brothers, Mexican from Dolores, burgers from There, There, Italian from Giusto PVD, and pizza from Mother Pizzeria PVD, all while enjoying a large central bar, a variety of seating for more than 300 patrons, an entertainment venue, and a soon-to-open 10,000 square foot plaza for outdoor seating and special events.

"Washington Trust is proud to provide financing to help our customers reimagine this historic space as an exciting destination-oriented dining experience like no other in Rhode Island," said Edward O. "Ned" Handy III, Washington Trust's Chairman and Chief Executive Officer, "More importantly, the food market will not only be home to several local food purveyors, but will also create a sense of community connecting Waterplace Park, the Riverwalk system, and the city's Financial District"

"We're grateful to Washington Trust for believing in this project from the beginning," said Christopher Marsella, President, Marsella Development Corporation. "Track 15 represents a unique investment in downtown Providence, and we appreciate the Bank's ongoing support of our vision."

Washington Trust's commercial banking group offers a full line of commercial and industrial lending, commercial real estate lending, not-for-profit and municipal lending and cash management services to leading companies, real estate developers, not-for-profits, and municipalities throughout the Northeast. For more information, contact Scott McCaughey, Senior Vice President and Team Leader, Commercial Banking, at 401-654-4872.

ABOUT WASHINGTON TRUST^®
Founded in 1800, Washington Trust is recognized as the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast's premier financial services companies. Washington Trust values its role as a community bank and is committed to helping the people, businesses, and organizations of New England improve their financial lives. The Bank offers a wide range of commercial banking, mortgage banking, personal banking and wealth management services through its offices in Rhode Island, Connecticut and Massachusetts and a full suite of convenient digital tools. Washington Trust is a member of the FDIC and an equal housing lender. Washington Trust is a subsidiary of Washington Trust Bancorp, Inc., a publicly-owned holding company which trades on NASDAQ: WASH. For more information, visit the Bank's website at www.washtrust.com or the Corporation's website at ir.washtrust.com.

ABOUT MARSELLA DEVELOPMENT CORPORATION
Marsella Development Corporation has been a pioneer in the redevelopment of Providence and beyond for more than four decades. Founded by Romolo Marsella in 1979, the firm has implemented some of the city and state's marquis public/private ventures as Capital Center, Providence Performing Arts Center and Promenade Center in Providence and the Gateway Center in Newport and such private developments as the rehabilitation of five building Union Station Complex and the development of One Citizens Plaza and the Marriott Courtyard Hotel in Providence. Since taking the lead in 2008, Christopher Marsella has continued to grow the company's development arm while establishing a full-service property management firm managing over two million square-feet of commercial real estate across Rhode Island in addition to a construction services arm providing quality historic renovations and new construction management to both commercial and luxury residential projects.  For more information, visit www.marsellaproperties.com. 

SOURCE The Washington Trust Company