# The Providence Place mall is being sold to a joint venture.

*business · news · 2026-04-30 · Providence Journal (Projo)*

## Key points

- Providence Place mall is being sold for $133 million to Pyramid Management and Paolino Properties.
- Paolino aims to attract Costco to Providence Place, despite previous failed attempts in Rhode Island.
- Two Rhode Islanders, Gina Raimondo and Helena Foulkes, are on Costco's board, increasing potential influence.
- New owners plan to bring back former tenants and improve mall safety and operations.

**Companies:** Pyramid Management Group, Costco, Paolino Properties
**Countries:** United States

[Read the full story on Providence Journal (Projo)](https://www.providencejournal.com/story/grocery/stores/2026/04/30/providence-place-mall-buyer-wants-to-bring-in-a-costco-could-it-happen/89859368007/)

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