Providence Place

What Providence Place does

Providence Place is a single-asset, Class-A enclosed shopping center located at One Providence Place in downtown Providence, Rhode Island, owned and managed by Centennial Real Estate Management L.L.C. The property houses over 100 tenants spanning fashion (Macy's, Zara, H&M, Brooks Brothers, aerie, Express, Hollister, Garage, Aldo), electronics (Apple), beauty (Sephora, LensCrafters), jewelry (Kay Jewelers), specialty retail (Build-A-Bear, Champs Sports, Kids Foot Locker, Aéropostale, Boscov's), services (AT&T Wireless, CycleBar), and an extensive dining and entertainment mix including Fogo de Chao, The Cheesecake Factory, P.F. Chang's, Dave & Buster's, and a 17-screen Apple Cinemas currently undergoing renovation. The mall operates as a curated marketplace platform connecting national brands, local small businesses (via the RI Small Business Village), and entertainment venues with Providence-area consumers.

The mall's digital infrastructure is provided by Placewise, which powers the website from store directory and event listings to sales promotions and email marketing. No proprietary technology or AI/ML capabilities are evident; the tech stack is a standard commercial-real-estate marketing platform. On-site amenities include restrooms, parking, ATMs, security services, a Code of Conduct, and a Youth Guidance Program requiring minors under 18 to be accompanied by a supervising adult aged 21+ after 5:00 PM.

Providence Place generates revenue primarily through three streams: (1) retail tenant leasing of inline and anchor space to national and local brands, treated as recurring contractual rent; (2) specialty leasing and short-term pop-ups, including the RI Small Business Village for local artisans; and (3) media and sponsorship revenue from in-mall advertising and promotional partnerships. The mall does not charge shopper admission and does not sell directly to consumers — pricing is set by individual tenant retailers. The property is privately held, with no public listing or disclosed financials.

Name

Providence Place

Legal name

Centennial Real Estate Management L.L.C.

Website

https://providenceplace.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Providence Place is a private, single-asset Class-A shopping mall in downtown Providence, Rhode Island, owned by Centennial Real Estate Management L.L.C., housing over 100 retail, dining, and entertainment tenants serving the greater Providence metropolitan area.

Ownership category

akta.pro rank

Product category

Shopping Mall

NAICS

Amusement, Gambling, and Recreation Industries (713)

SIC

Retail-Department Stores (5311), Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Place-Based / Retail & Venue Media (Malls, Gyms, Cinema, Office Buildings) (BPAFALAE)

Keywords

• Shopping mall operations
• Retail real estate leasing
• Commercial property management
• Mall advertising media
• Tenant leasing services

Headquarters

HQ city

Providence

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Others

Revenue model

1. Retail Tenant Leasing: Providence Place generates primary revenue through leasing retail space to tenant stores and restaurants. Tenants include major brands like Macy's, Zara, Apple, and various dining establishments.
2. Media & Sponsorship: Revenue from in-mall advertising placements, promotional sponsorships, and media partnerships with retailers and brands.
3. Specialty Leasing & Pop-ups: Short-term leasing opportunities for test concepts and seasonal vendors, including partnerships with local small businesses through the RI Small Business Village initiative.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Providence Place is a single enclosed shopping mall in downtown Providence, Rhode Island, operated by Centennial Real Estate Management L.L.C. It generates revenue by leasing physical retail space to over 100 tenant retailers, restaurants, and entertainment operators (including anchors Macy's, Boscov's, Apple, Zara, Sephora, Fogo de Chao, and Apple Cinemas), earning advertising and media sponsorship income, and running short-term specialty pop-up and local small business leasing programs. The mall itself is presented to the public as a free-to-enter shopping, dining, and entertainment destination supported by a Placewise-powered digital directory, events calendar, and sales promotions platform.

Product overview

Providence Place is a shopping mall located in Providence, Rhode Island, operated by Centennial Real Estate Management. The mall offers a unified retail platform comprising diverse tenant stores across multiple categories, dining options ranging from quick-service to upscale restaurants like Fogo de Chao and The Cheesecake Factory, and entertainment venues including Apple Cinemas and Dave & Buster's. Additional services include fitness (CycleBar), personal care services, financial services (AT&T, Verizon, T-Mobile, Bank of America ATM), and business services (leasing, media sponsorship, community partnerships). The mall provides practical amenities including restrooms, parking, security, and a Youth Guidance Program. The product portfolio functions as a marketplace connecting retailers, restaurants, entertainment providers, and service businesses with consumers.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Space Leasing

Named customers8 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Centennial Real Estate Management L.L.C.coreOthersProperty owner and manager of Providence Place. Responsible for overall mall operations, leasing, and property management. Copyright 2026 Centennial Real Estate Management L.L.C.
• PlacewisecoreTechnology or IntegrationDigital platform provider powering the Providence Place website with directory, event management, sales promotions, and email marketing capabilities. Brought to you by the Placewise Network.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Wrentham Village Premium Outlets: Major Simon-operated outlet center in Wrentham, MA roughly 30 miles from Providence; pulls value-oriented shoppers from the same trade area and competes for retail tenant rent dollars.

Others

• Placewise: Technology platform powering Providence Place's digital directory, event listings, sales deals, and email marketing; adjacent technology vendor serving the mall properties industry with comparable B2B SaaS for mall operators.

Direct peers

• The Mall at Short Hills: Simon-operated upscale enclosed mall in NJ with high-end fashion anchors and dining; comparable premium-mall business model to Providence Place and benchmark for Class-A mall economics.
• Destiny USA: Large entertainment-anchored enclosed super-regional mall in Syracuse, NY featuring IMAX cinema, dining, and entertainment attractions; comparable mall-with-entertainment positioning to Providence Place's Apple Cinemas renovation strategy.
• Warwick Mall: Regional enclosed shopping mall in Warwick, RI, directly competing for Providence MSA shoppers; nearly identical geographic catchment and tenant category mix.
• Copley Place: Urban, multi-level enclosed shopping mall in Boston's Back Bay operated by Simon; highly comparable to Providence Place as a downtown luxury/mid-market regional mall anchored by national retailers plus dining.

Broad incumbents

• Macerich: Public U.S. mall REIT operating regional shopping centers including mixed-use destinations; comparable enclosed mall operating model with anchor department store tenants and entertainment uses.
• Simon Property Group: Largest publicly traded U.S. mall REIT operating premier regional malls; highly comparable business of leasing retail space to anchor and in-line tenants at enclosed shopping destinations, with media and advertising revenue streams.
• Unibail-Rodamco-Westfield (URW): Global owner/operator of flagship shopping destinations under the Westfield brand; comparable high-end mall operations model and tenant mix including luxury retail, dining, and entertainment.
• Brookfield Properties: Operates major U.S. malls (formerly GGP) including high-quality regional and super-regional centers; directly comparable enclosed mall leasing and operating model with dining and entertainment components.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/ProvidencePlc
• Facebookfacebook.com/ExploreProvidencePlace
• LinkedInlinkedin.com/company/cajun-luau

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Providence Place