Providence Redevelopment Agency approves $10M loan for ‘Superman’ building

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THE PROVIDENCE REDEVELOPMENT AGENCY voted unanimously on May 16 to authorize the agency to provide
THE PROVIDENCE REDEVELOPMENT AGENCY voted unanimously on May 16 to authorize the agency to provide "Superman" building owner High Rock Development LLC with a $10 million loan as part of the proposed $223.1 million renovation of the building at 111 Westminster St. into 285 apartments. / PBN FILE PHOTO/
PAMELA BHATIA
PROVIDENCE – Another $10 million in financing was secured as part of the proposed redevelopment of the former Industrial Trust Co. headquarters, the 26-story skyscraper commonly known as the “Superman” building, after Providence Redevelopment Agency board members voted unanimously on Monday to authorize the agency to provide a loan, promissory note and mortgage needed for…

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