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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

Government 04/20/2022

PROVIDENCE – The top executive for Crossroads Rhode Island was surprised but nonetheless happy to hear that the local nonprofit would get $500,000 if...

NEW LIFE? After sitting vacant for nine years, Providence’s “Superman” building would be revived for residential and other uses under a $220 million plan that still needs some city approvals. / PBN FILE PHOTO/CHRIS BERGENHEIM

Do you support the $220 million, mixed-use ‘Superman’ building renovation plan?

Economy 04/15/2022

After six months of negotiations, state leaders on April 12 unveiled a $220 million plan to turn Providence’s iconic “Superman” building into apartments, office,...

THE INDUSTRIAL TRUST CO. BUILDING will be transformed into apartments with the help of a state financing deal reach with the owner. The deal was announced by Gov. Daniel J. McKee on Tuesday, April 12, 2022. The 111 Westminster St. building is owned by High Rock Development LLC, which bought the property for $33.2 million in 2008. / COURTESY FLICKR

$220M renovation plan unveiled for ‘Superman’ building

Economic Activity 04/12/2022

PROVIDENCE – The Industrial Trust Co. Building, the tallest property in Providence which has remained empty for nine years despite numerous efforts by public...

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’

Economic Activity 02/03/2022

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

EVOLVING DISTRICT: The $20 million Providence River Pedestrian Bridge completed in 2019 is part of the changing landscape in the I-195 Redevelopment District. / PBN FILE PHOTO/ARTISTIC IMAGES

Sky has been limit for R.I. developers

PBN 35th Anniversary 11/26/2021

REAL ESTATE Real estate has taken center stage in Rhode Island as a form of economic development. After a slow start, the long-vacant I-195 Redevelopment District...

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