Cornish Associates, Nordblom seek 20-year TSA for 78 Fountain project

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A RENDERING OF a new building planned for downtown Providence, called 78 Fountain, shows the completed building in proportion to its neighbors. A partnership between Providence-based Cornish Associates and Nordblom Development Co., of Burlington, Mass., which is pursuing the project, is seeking a 20-year tax stabilization agreement from the Providence City Council. /COURTESY CUBE3
A RENDERING OF a new building planned for downtown Providence, called 78 Fountain, shows the completed building in proportion to its neighbors. A partnership between Providence-based Cornish Associates and Nordblom Development Co., of Burlington, Mass., which is pursuing the project, is seeking a 20-year tax stabilization agreement from the Providence City Council. /COURTESY CUBE3
PROVIDENCE – The developer of a significant new building planned for downtown will come before the Providence City Council on Thursday with a request for a 20-year tax stabilization agreement. The sponsor of the project, 78 Fountain JV Owner LLC, is an entity owned by Providence-based Cornish Associates LP and by Nordblom Development Co., of…

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