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Redevelopment of Providence 'Superman' Building

Sector: Commercial • Location: Providence, Rhode Island, United States

Source: Rhode Island Current

Project
Planned

The redevelopment project involves transforming the iconic, vacant 26-story Industrial National Bank Building in downtown Providence into a mixed-income apartment building with 285 rental units, 20% of which would be income-restricted. The project has faced rising costs, now estimated at $270 million, and seeks a state sales tax waiver on construction materials to help close financing gaps.

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The project “Redevelopment of Providence 'Superman' Building” is an infrastructure initiative in the Commercial sector, located in Providence, Rhode Island, United States. Taiyo aggregates data on it from Rhode Island Current.

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Planned

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Description

Description

The redevelopment project involves transforming the iconic, vacant 26-story Industrial National Bank Building in downtown Providence into a mixed-income apartment building with 285 rental units, 20% of which would be income-restricted. The project has faced rising costs, now estimated at $270 million, and seeks a state sales tax waiver on construction materials to help close financing gaps.

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High

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