Business Details
46 Years
experience
Your Trusted Partner for Real Estate Development Solutions
Churchill & Banks has been a leader in real estate development, management, and construction for over four decades. Our expertise spans commercial, residential, and mixed-use projects, with a focus on strategic site acquisition, cost-effective development, and long-term asset value enhancement. Our team of seasoned professionals brings deep industry knowledge and a commitment to innovation, having revitalized iconic properties like Providence's Coro Center.We prioritize client partnerships, leveraging creative financing solutions and cutting-edge technologies to deliver successful outcomes. With a legacy of community engagement and a forward-looking approach, we continue to shape the New England real estate landscape.
Services
Development
Property Management
Construction
Leasing & Sales
Commercial Development
Residential Development
Mixed-Use Projects
Details
- Year established: 1980
Highlights and features
- 45 years of proven success in New England real estate markets
- Full-service capabilities across development, management, and construction
- Experienced leadership team with generational industry expertise
- Innovative financing solutions for complex development projects
- Proven track record revitalizing landmark properties like Coro Center
Services
Real Estate Development
We specialize in transforming strategic locations into valuable real estate assets through comprehensive development solutions. Our expertise covers site acquisition, entitlement negotiations, and project financing using creative structures like joint ventures and 1031 exchanges. With 45 years of experience revitalizing properties across New England, we deliver projects that balance community needs with financial returns while maintaining strict cost controls throughout the development process.
Property Management
Our property management division oversees diverse portfolios including office complexes, retail centers, and residential communities. We implement customized strategies to maximize tenant satisfaction, control operating costs, and enhance long-term property value. With experienced professionals managing day-to-day operations and strategic planning, we ensure optimal performance of commercial, residential, and mixed-use properties across the Northeast region.
Construction Services
Our construction group delivers complex projects on aggressive timelines through integrated design-build methodologies. Utilizing modern technologies and experienced teams, we manage all phases from pre-construction planning to final execution. Specializing in commercial renovations, healthcare facilities, and retail developments, we maintain rigorous quality control while ensuring timely completion of projects ranging from new constructions to historic building rehabilitations.
Commercial Development
We create vibrant commercial spaces that meet evolving market demands through strategic site selection and innovative design solutions. Our portfolio includes office complexes, shopping centers, and mixed-use developments that combine functionality with aesthetic appeal. With deep understanding of retail dynamics and tenant requirements, we develop properties that attract quality tenants while maximizing investment returns through effective leasing strategies.
Historic Rehabilitation
Our team specializes in preserving architectural heritage while modernizing structures for contemporary use. Through meticulous planning and execution, we've successfully revitalized historic buildings like Providence's Owen Building and Coro Center. This expertise combines structural upgrades with preservation of original design elements, creating spaces that honor historical significance while meeting modern efficiency standards and regulatory requirements.
People
Richard P. Baccari
Chairman
With four decades of leadership, Richard P. Baccari has guided Churchill & Banks through significant residential and commercial developments. A respected member of the International Council of Shopping Centers, he combines visionary thinking with practical execution to shape New England's real estate landscape.
Richard P. Baccari II
President and CEO
As President and CEO since 2015, Richard Baccari II oversees site selection and leasing operations. A licensed real estate broker with Bryant University business credentials, he was recognized by Providence Business News as a Top 40 Under 40 leader, bringing fresh perspective to the company's strategic direction.
Linda C. Martel
Chief Financial Officer
With over 30 years of service, Linda Martel manages all financial operations including acquisition financing and investor reporting. Her expertise in accounting and development finance ensures fiscal discipline across projects, combining technical knowledge with strategic oversight of the company's financial health.
Bill Herendeen
Vice President, Property Management
Leading property management operations for over 20 years, Bill Herendeen brings 30 years of experience managing diverse properties from Boston landmarks to regional shopping centers. His affiliations with major industry organizations ensure our management practices meet the highest professional standards.
Christine Monaghan
Director of Property Management
Christine Monaghan oversees field operations and tenant relations with extensive experience in property management. Her focus on cost-effective management and tenant satisfaction ensures our properties maintain high occupancy rates while delivering exceptional service quality across our diverse portfolio of commercial and residential assets.
Questions
What types of properties do you develop?
We develop commercial, residential, and mixed-use properties including office complexes, retail centers, medical facilities, and multifamily housing across New England.
Do you handle historic building renovations?
Yes, we specialize in historic rehabilitation projects, having successfully revitalized landmarks like Providence's Coro Center and Owen Building while maintaining their architectural integrity.
What financing options are available for development projects?
We utilize creative financing structures including joint ventures, mezzanine financing, land leases, and Section 1031 exchanges to meet partners' financial requirements.
What areas do you serve?
Our primary focus is the Greater Providence area, covering Rhode Island and Massachusetts markets with development and management services.
