Butler Exchange // 1871-1925

This magnificent structure formerly in Downtown Providence would likely still exist today had a devastating fire not destroyed it in 1925. When construction on the Butler Exchange began 1871, the area we know today as Downtown was only a cluster of small wooden and brick residences with commercial operations on the ground floors; the key retail shopping districts were across the river around where Brown University is today. The first major commercial development in modern-day Downtown was the Providence Arcade (featured previously), built in 1828, by Cyrus Butler. The Arcade languished in tenants and shoppers earning it the name, “Butler’s Folly”. A half-century later, a new Butler project was about to take off. Cyrus’ heirs built the Butler Exchange, which upon completion in 1873, was the largest building in Providence and its splendid French-inspired two-story mansard roof was a nice pairing with the City Hall being built nearby. The Butler Exchange saw commercial use, offices, and a school before a fire destroyed much of the building, leading to its demolition. The building was later replaced by the Industrial National Bank Building aka the “Superman Building”.

Image Courtesy of Providence Public Library collections.

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