Land sale for Fane tower project moves forward to final negotiations

THE PROPOSED SITE plan for Hope Point Tower. / COURTESY THE FANE ORGANIZATION
THE PROPOSED SITE plan for Hope Point Tower, which passed a preliminary vote of the I-195 Redevelopment District Commission Tuesday. / COURTESY THE FANE ORGANIZATION
PROVIDENCE — The Interstate 195 Redevelopment District Commission on Thursday authorized its executive director to finalize a purchase and sale agreement with a New York developer who wants to build a luxury residential tower of up to 46 stories in downtown Providence. The commission leadership has been negotiating with The Fane Organization on a site…

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