Fane moves forward on luxury tower, signs commitment letter

Updated at 2:30 p.m., July 11

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STILL HAPPENING? The pandemic has helped stall plans for a 46-story tower along the Providence River, but the Fane Organization insists it will move ahead with the project, depicted above in a rendering. / COURTESY FANE ORGANIZATION
DEVELOPER ANDREW FANE has signed a commitment letter giving him seven months to finalize construction documents, select a contractor and secure final financing for the construction for the controversial project. / COURTESY FANE ORGANIZATION
PROVIDENCE – The Fane tower developer has taken another step toward finalizing the long-delayed downtown luxury building. New York developer Jason Fane has signed a commitment letter, giving him seven months to finalize construction documents, select a contractor and secure final financing for the construction for the controversial project, said Jim Malachowski, a spokesperson for…

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