Do you think it is important that the developer of Hope Point tower have units sold or leased before he starts construction (assuming it is approved) on the 600-foot residential building?

THE FANE ORGANIZATION'S Hope Point tower has been a controversial project ever since it was first proposed. Should its units be completely sold or leased before construction starts on it, assuming it is approved to be built? / COURTESY CITY OF PROVIDENCE
THE FANE ORGANIZATION'S Hope Point tower has been a controversial project ever since it was first proposed. Should its units be completely sold or leased before construction starts on it, assuming it is approved to be built? / COURTESY CITY OF PROVIDENCE
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…

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