Tuesday, January 31, 2023

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

PROVIDENCE – Another $10 million in financing was secured as part of the proposed redevelopment of the former Industrial Trust Co. headquarters, the 26-story...
THE R.I. COMMERCE CORP. Board of Directors voted 7-0 on Wednesday, May 11, 2022, to give High Rock Development LLC $15 million in tax credits through the Rebuild Rhode Island Tax Credit Program and $5.7 million from the First Wave Closing Fund as part of the $223.1 million financing package for the redevelopment of the Industrial Trust Co. building at 111 Westminster St. / PBN PHOTO/
PAMELA BHATIA

R.I. Commerce board approves $21M in ‘Superman’ building financing

PROVIDENCE – The R.I. Commerce Corp. board of directors voted 7-0 on Wednesday to approve nearly $21 million in state incentives as part of...
KAREN A. SANTILLI, CEO and president of Crossroads Rhode Island, is excited about the $500,000 pledge that High Rock Development LLC promised to the nonprofit as part of the 'Superman' building renovation project. But, she hopes the developers will honor that pledge. PBN FILE PHOTO/MICHAEL SALERNO

Santilli: Crossroads surprised by $500K ‘Superman’ building pledge

PROVIDENCE – The top executive for Crossroads Rhode Island was surprised but nonetheless happy to hear that the local nonprofit would get $500,000 if...
THE STATE IS IN HEAVY NEGOTIATIONS on a deal that "has legs" to redevelop the Industrial Trust Co. Building in downtown Providence into residential units, according to Gov. Daniel J. McKee. / PBN FILE PHOTO

McKee: ‘Heavy’ negotiations ongoing for Superman building, proposal ‘has legs’

PROVIDENCE – Rhode Island officials said they are currently engaged in serious negotiations with the owner of the Industrial Trust Co. Building – Rhode...
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