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Eastern Bank Leads Financing for Wood Partners’ First Rhode Island Project

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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
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