Supporters of turning the vacant Superman Building into apartment units say they may unveil a new financing plan as soon as next week. The General Assembly has been wary of offering a public subsidy to reuse the Superman Building in the aftermath of the collapse of video-game company 38 Studios. Supporters of the project say filling the Superman Building with tenants and other new uses would boost the economy in Providence.
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.
Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling The Bottom Line. Each Friday they look at business news and themes that affect local business and the public.
A photographer living in downtown Providence has caught amazing photos of hawks, owls and falcons flying above the capital city. He discovered the wild birds by following the pigeons.
It all started when Peter Green moved into an apartment facing the Superman building. He loved to watch the pigeons fly outside his window, and one day he spotted a falcon munching the pigeons that had captured his attention.
The owner of the vacant Industrial Trust Building -- aka the Superman Building -- submitted a bid in response to a state RFP for 70,000 to 80,000 square feet of office space.
Bill Fischer, a spokesman for High Rock Development, says the bid was submitted in time for a June 3 deadline. "We wanted to keep any and all options open," Fischer says. "We did respond," even though High Rock continues to believe that a residential conversion offers the best future for the historic structure.
The Dynamo House, the century-old onetime Narragansett Electric power station, now sits as a forlorn reminder of what once thrived along Providence’s downtown waterfront. And as Rhode Island Public Radio political analyst Scott MacKay notes, it now stands as a guard to the old Jewelry District that state and city officials are trying to rebrand as a Knowledge District.
Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday it looks at business news and themes that affect local business and the public.
This week Dave and Mark talk with Grow Smart Rhode Island executive director Scott Wolf. They discuss proposals for the Superman Building, the costs of such development, urban residential living and trends in downtown office buildings.