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→ PBN: ‘Superman’ developer submits revised proposal for state aid

superman-lobby

The owner of the vacant “Superman Building” at 111 Westminster St. downtown Wednesday proposed a new $39 million package of state assistance to renovate the tower.

In its second attempt to gain state financing for a rehabilitation project, High Rock Development said it would seek legislation to create a 111 Westminster Historic Redevelopment Program and Revolving Fund to finance converting the office building into a mixed-use project with 280 apartments.

Full disclosure: I work for Cornish Associates who are consulting with the building’s owner, High Rock Development.
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→ WPRI: ‘Superman’ building again seeks state support

superman-lobby

Superman Building banking hall. Image by Jef Nickerson

The owner of Providence’s tallest building said Monday he will again seek state support to help turn the vacant skyscraper into apartments.

David Sweetser, whose real estate investment firm High Rock Development owns 111 Westminster Street, is calling for a “public-private partnership” to renovate the building that he claims would create hundreds of jobs and generate millions of dollars in tax revenue for the state.

- WPRI
Full Disclosure: I work for Cornish Associates who are consultants for High Rock Development.
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Providence Preservation Society 2014 Ten Most Endangered Properties

The Providence Preservation Society has released its annual list of the Ten Most Endangered Properties in Providence. The list will be highlighted with a photo exhibit at their annual meeting tonight.


The List:

57_FEDERAL_STREET_FINAL

All photos by Jesse Burke for PPS.

57 Federal Street (Early 19th Century) Federal Hill
PPS Most Endangered: 2014 Building type: Residential
Threat: Neglect

Among the oldest buildings on Federal Hill, 57 Federal Street is a two story, 5-bay-facade, center hall-plan house with a single interior brick chimney and a central entrance with sidelights, located between Atwells Avenue and Broadway. While Federal- era houses of this style are not uncommon on the East Side of Providence, the Federal Hill neighborhood was largely undeveloped grazing land before 1820. Although 57 Federal Street is likely one of the oldest remaining buildings in the immediate area, it is not included on any historic resource survey, and is not listed on the National Register of Historic Places.

While the existing door head may be a modern replacement, several of the building’s details remain remarkably intact including the building’s clapboards and window sash. Unfortunately, the house has been abandoned for several years, with broken windows on the second story leaving the building completely open to the elements.

In the coming year PPS hopes to better document this unique building, and work with the City of Providence to fully secure the building and address maintenance and safety issues.

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What Cheer / What Jeer 2013

We’re running a little late this year but we’re finally ready to run down the What Cheers and What Jeers of 2013.

what-cheer-south-street-power-station

WHAT CHEER: South Street Power Station (Maybe)

In 2013 we got another plan to redevelop the moribund South Street Power Station. While numerous plans for the building, which at one point was known as the Dynamo House, have come and gone, this latest plan engenders optimism as Brown University is involved now.

In January the New York Times and then The Brown Daily Herald reported on rumors of the university becoming involved in the project. Then in June Brown announced it’s plans for the building in a letter to the campus community.

Those plans include a home for the long talked about URI/RIC Nursing School, office space for Brown, and some sort of retail component in the former power station building. Brown also has a developer engaged in building a student apartment building in the neighboring parking lot along Point Street and the City is involved in plans for a parking structure across Point Street from that.

The latest news on the project comes from the ProJo just before Christmas with reports that the PRA is considering condemning the building so the project can move forward.

While this could all be looked at as another in a long line of proposals for the building, Brown’s involvement makes this proposal seem more promising. 2014 will show us if this project actually moves forward.

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Providence Preservation Society statement regarding the Superman Building

Superman Building

Photo by Jef Nickerson

PPS’s Statement Regarding The Industrial Trust Building:

The Providence Preservation Society believes carefully considered redevelopment planning at the vacant Industrial Trust Building at 111 Westminster Street, Providence, is urgent and makes the following observations:

  • The Industrial Trust Building possesses a high degree of civic and architectural value.
  • The building is prominently located in downtown Providence, is an iconic visual statement in the Providence skyline, and its substantial bulk and idiosyncratic massing make it an important placeholder in the streetscape of one of the three main east/west thoroughfares in the City.
  • Given the very large scale of the building, its vacancy is a material drain on the fragile economy of downtown Providence and, by extension, on the economic vitality of the entire State.
  • The Industrial Trust Building is situated in Providence’s Financial District where recent private sector
    development evidences the beginnings of an economic renaissance. A vacant 111 Westminster Street places this renaissance in jeopardy.
  • For over 25 years, the Providence Preservation Society has participated in and sometimes initiated strategic conversations to facilitate challenging development projects in historic properties, particularly those large in scale. PPS has deep experience in this area of historic preservation planning and economic development and offers its assistance in moving the project to reality.
  • We well understand that development projects in historic buildings in Providence, especially those of a large scale, have required a public /private partnership in order to make them financially feasible. These subsidies have come in many forms. PPS offers no specific advice at this time as to the exact nature of any particular public role in the financing for redevelopment of this very important building.
  • Trustees believe that moving forward to create a vibrant, economically sound plan for the Industrial Trust Building is critical.

Continuing Engagement on The Future of The Industrial Trust Building:

The Providence Preservation Society is keenly interested in the future of 111 Westminster Street for the reasons outlined above. The organization intends to proceed with a high level of engagement in planning for the property’s re-use. It offers its expertise in preservation planning and development to the building owner and his development team, to the City of Providence, and to the State of Rhode Island and its agents. We look forward to tailoring the ways in which this engagement might take place to the particular circumstances of the property and its ownership. Our organization acknowledges that this may be the most critical development challenge currently facing any historic building in Providence, and one of the most important to resolve.

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