Industrial Trust Co. - Providence Business News

RISING CONSTRUCTION COSTS and higher interest rates have affected the work to transform the Industrial Trust Co. Building in Providence into nearly 300 apartments. Mayor Brett P. Smiley has proposed a change to the tax incentives plan to give the building owner High Rock Westminster LLC help in closing the financial gap. PBN PHOTO/WILLIAM HAMILTON

Smiley has proposal to help ‘Superman Building’ overhaul get past money...

Economy 01/24/2025

More than a year after interior demolition and asbestos removal started at the Industrial Trust Co. Building in downtown Providence, the future of the...

‘Superman’ building deal would cut $29M from tax bill

Economic Activity 10/03/2022

PROVIDENCE – Developers planning to redevelop the city’s tallest skyscraper could save $29 million in property taxes over the next 30 years. The proposed tax...

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

Government 05/16/2022

PROVIDENCE – Another $10 million in financing was secured as part of the proposed redevelopment of the former Industrial Trust Co. headquarters, the 26-story...

It will take investment to save ‘Superman’ tower

Hot Topic 06/07/2019

Designation by the National Trust for Historic Preservation of Providence’s iconic art deco Industrial Trust Co. building as one of America’s most-endangered historic places...