A Hundred Years of Rhode Island Real Estate
Family-owned since 1924. We own, improve, and manage property across Rhode Island — and we hold what we build.
Built on a Century of Rhode Island Investment
Macari Properties is a family-owned real estate company with roots going back to 1924. What started with a single piece of Rhode Island farmland has grown into a diverse portfolio spanning historic mill redevelopment, residential apartments, commercial and warehouse space, residential homes, land, and community-focused destinations — including Phantom Farms and Phantom Farms Brewery.
- 01Family-owned and operated since 1924
- 02Rooted in Cumberland and Rhode Island communities
- 03Residential, commercial, agricultural, and hospitality
- 04We don't flip. We build, and we hold.
Martin Street Mill, Cumberland
Taking Underutilized Properties and Making Them Work
Our approach to property development starts with the belief that existing buildings — especially historic ones — have inherent value worth preserving. We acquire underutilized properties and invest in the work required to transform them into spaces that serve residents, businesses, and the surrounding community for decades.
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01
Adaptive Reuse
Historic industrial buildings brought back into use rather than replaced. The structure stays; the purpose changes.
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02
Practical Renovation
Work specified for long-term quality rather than for a quick resale — the parts that have to last are the parts we spend on.
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03
Owner-Operated Management
The family that owns the buildings manages them. Tenants reach someone who can make a decision.
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04
Transparent Deal-Making
Straightforward terms with tenants and partners, explained up front and honoured afterwards.
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05
Community First
Every project is judged by what it contributes to the place it sits in — not only by what it returns.
Restoration Is the Unglamorous Part
Framing, windows, floors, systems — the work that never appears in a listing photograph is the work that decides whether a hundred-year-old building has another fifty years in it. We do it in-house and in the open, one floor at a time.
Restoration in progress, May 2026
What We Own & Manage
A century of Rhode Island real estate — from historic mill redevelopment to working farms, residential homes, and commercial space.
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Martin Street Mill
A destination designed for modern living and everyday convenience, bringing together stylish residences, commercial space, secure storage, and an on-site brewery in one restored setting.
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Mill Apartments
100+ one-bedroom apartments inside the restored Martin Street Mill — exposed brick, in-unit laundry, modern kitchens, and elevator access.
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Commercial & Warehouse Space
Flexible warehouse, light commercial, office, and contractor space at Martin Street Mill — straightforward leases, on-site management.
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Self-Storage
Storage Units
Basement storage lockers at Martin Street Mill — elevator-accessible, individually secured, and available to residents and select outside tenants.
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Residential Homes
Residential Homes
Single and multi-family homes for rent across Rhode Island communities — owner-managed with responsive on-site support.
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Residential Land
Residential Land
Buildable lots and residential land parcels available for purchase or ground lease in select Rhode Island locations.
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Phantom Farms & Brewery
The original Macari family farm in Cumberland, RI — a café, farm stand, and seasonal events, with Phantom Farms Brewery at Martin Street Mill.
Real Estate That Serves Rhode Island for Decades
Our vision is to build and manage real estate that supports residents, businesses, and the surrounding community for the long term. Not short-term flips. Not extractive development. Real estate that contributes to the places where people actually live and work — and that reflects a century of commitment to doing things the right way.
Interested in a Property or Partnership?
Whether you're looking for an apartment, commercial space, or a longer-term conversation — we'd like to hear from you.