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Tue February 11, 2014
New Life For The 'Superman' Building?
There may be new hope for the tallest building in Rhode Island. But efforts to rehab the so-called Superman building, in downtown Providence, failed just last year.
The 26 story building, built in 1928 went dark in April of last year, when its tenants, Bank of America, moved out. The owner, Massachusetts-based High Rock Development, proposed a plan to turn the office space into residences.
High Rock said it would need some seventy-five million dollars in state support to get the project moving. But the plan got a lukewarm response from state leaders, and never got funding.
Now High Rock is restarting it efforts, saying it will not seek state support until after renovations have been made. The company has not said how much it public aid it will ask for.
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