Eastern Bank led the financing of Wood Partners’ Alta Altitude housing project, a 214-unit luxury, 100% market-rate apartment development in Warwick, RI. Eastern provided a $31-million construction loan for the project, located within City Centre, a 95-acre master plan that calls for more than 1.5 million square feet of office, retail, hotel, commercial and residential space.
Alta Altitude marks the ninth multifamily construction project Eastern has financed for Wood Partners and the first in Rhode Island. It opened in the third quarter of 2025.
“We’re proud to support Wood Partners in their continued growth across New England,” said Greg Buscone, EVP, chief commercial banking officer of Eastern Bank. “Alta Altitude is a transformative development for Warwick’s City Centre, and we’re pleased to help finance a project that provides greater housing options and contributes to the local economy.”
In addition to Buscone, the team advising Wood Partners includes SVP, commercial real estate group director Nicholas Moise; SVP, CRE team leader David MacManus; and VP, CRE relationship manager Michael Yuen.
The post Eastern Bank Leads Financing for Wood Partners’ First Rhode Island Project appeared first on Connect CRE.
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