Superman building

Beacon Atop Superman Building Won't Go Out

May 2, 2013
RIPR

The beacon light atop the tallest building in Rhode Island will remain on for the time being. But the owner of the so-called “Superman Building” says that could change if state leaders don’t approve a $39 million package of tax credits. State leaders are decidedly lukewarm to the idea.

RIPR

The owner of the vacant Superman Building in downtown Providence wants to use $39 million in state money to convert it into for residential apartments.  It remains unclear whether the General Assembly is willing to support that kind of spending.

The Superman Building has been sitting empty ever since Bank of America left in early April. The property’s owner, High Rock Development of Massachusetts, wants to convert the art deco building into 278 rental apartments.

HR&A Advisors of New York is out with its economic-impact report on the now-vacant Superman Building, which was prepared for Cornish Associates.

Ian Donnis / RIPR

Congressman David Cicilline joins the Roundtable this week to discuss hyper-partisanship in Congress, the outlook for an immigration overhaul, his encouraging of House Speaker Gordon Fox to run for mayor of Providence, and other topics.

Welcome back to my weekly column. Spring is starting to pop, and there's never a shortage of news hereabouts, so let's get to it. As always, your thoughts and tips are welcome at idonnis (at) ripr (dot) org.

RIPR

A spokesman for the owner of the Bank of America building in Providence says there are no plans to tear down the iconic building.  

Providence Mayor Angel Taveras said in a recent television interview that the 26-story art deco building – popularly known as the Superman building - might have to be leveled now that Bank of America is leaving it.

But Bill Fischer, a spokesman for building owner David Sweetser, says demolition is not on the drawing board.

RIPR file photo

In the best of all possible worlds, Providence's iconic Superman Building would be revived as housing that would add downtown residents and reduce the amount of prime office space. Yet Providence Mayor Angel Taveras isn't ruling out the possibility that the structure might have to be leveled.

During an appearance last weekend on WJAR-TV's 10 News Conference, Taveras said:

RIPR file

The downtown Providence skyscraper affectionately known as the “Superman building” may be getting a new lease on life.  The 26 story office building may be going residential.

Providence developer Arnold “Buff” Chace says he has been hired by the owner of the Superman building to conduct a feasibility study into turning it into an apartment building. 

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