WPRI: Hotel Hive developer puts project on hold without TSA

A PROJECT two convert two vacant building in downtown Providence into a hotel and microlofts is on hold after failure to obtain a tax stabilization agreement with the city. / COURTESY ABDO DEVELOPMENT
A PROJECT to convert two vacant buildings, one of them the former Providence Journal building, on Westminster Street in downtown Providence into a hotel and microlofts is on hold after failure to obtain a tax stabilization agreement with the city. / COURTESY ABDO DEVELOPMENT
PROVIDENCE – The developer behind the proposed Hotel Hive Providence, Jim Abdo, has placed his plans to convert the historic downtown property into a boutique hotel on hold after the Providence City Council Finance Committee indefinitely postponed a decision on a tax stabilization agreement for the property, WPRI-TV CBS 12 reported Thursday. The properties, which…

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