Recent PBN reporting has estimated the per-square-foot price of condominiums in the Hope Point tower will likely be more than twice as expensive as the current average-priced, high-rise units in Providence, leading to the question: Is there a market in Providence for the tower? That question then leads to another one: If the market is not here for this real estate, how will it pay back investors? If approved, should developer The Fane Organization have sold or leased all the units in the tower before it begins construction to make sure it doesn’t sit empty for years?
