The building began its existence is 1897. It was built for Asa Peck and Company Wool and Wool-Waste. Frederick Stanhope Peck is the name attached to 556 Atwells Ave. He was born on December 16, 1868. He was married to Mary Rothwell Burlingame. He began his business life working for his father, Leander Remington Peck, in the firm of Asa Peck and Company. He was an assistant to his father, until January 1, 1903, when he was elected Secretary and Assistant Treasurer. He held this position until the death of his father on January 28, 1909, when he succeeded to the presidency. Frederick Peck was a very prominent man in the city of Providence. He was Vice-President of The National Exchange Bank of Providence, as well as Vice-President of The Eastern Coal Company. In business circles, he was a member of the National Association of Wool Manufacturers and the Boston Wool Trade Association. In social circles, he was a member of the Sons of the American Revolution, and the Society of Mayflower Descends. The birth of 556 Atwells Avenue has its roots in the birth of this country through the family that built it. After the death of Frederick Peck on January 20, 1947, Peck and Company Wool and Wool Waste went out of business leaving the door open for the next chapter of 556 Atwells Ave.
Guild Metal Products moved into 556 Atwells Ave. in 1950, along with its sister company American Jewelry Chain Co. Fred DeCesaris was the president and treasurer of these companies. Guild Realty Co. Inc. began sharing space in 556 Atwells Ave, in 1955. American Jewelry Chain moved to 560 Atwells Ave. in 1957. Guild Metal Products operated at 556 Atwells Ave. for 36 years.
- In 1986 Guild Metal Products became Renclif Inc.
- In 1988 Renclif Inc. was joined by Whitelight Books
- In 1990 Renclif Inc. and Whitelight Books shared space with Estrade Jewelry Co.
- For the next ten years, many businesses moved in and out of 556 Atwells Ave.
- In 1999 the first individual tenant moved into the building and for a number of years, it was home to many local artists.
Now in 2019, the building is in need of some tender loving care. It is being renovated into a brand new apartment building by Strive Construction, so it can begin its next life as a home for residents of Providence.