I-195 commission sets purchase price for Parcel 42 at $3.2M, Hope Point Tower project to move ahead

THE PROPOSED SITE plan for Hope Point, which passed a preliminary vote of the Interstate 195 Redevelopment District Commission. Some residents have voiced concern over the project and its effect on downtown Providence. / COURTESY THE FANE ORGANIZATION
THE PROPOSED SITE plan for Hope Point, which passed a preliminary vote of the Interstate 195 Redevelopment District Commission. Some residents have voiced concern over the project and its effect on downtown Providence. / COURTESY THE FANE ORGANIZATION
PROVIDENCE — The I-195 Redevelopment District Commission on Wednesday approved a non-binding agreement that sets the parameters for Jason Fane to purchase Parcel 42, a site near the Providence River that he wants to develop into a luxury residential tower. The project, called Hope Point Tower, would include a building of up to 46 stories,…

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