“And as much as we love, and we truly do love Providence, and think the best days of Providence are in front of it, the structure of our ownership makes this the right time to sell.”Nathan added, “If I owned this building outside of an investment fund it would not be for sale.”Nathan believes the building is likely to sell within the next six months.The tower stands just a stone’s throw from the Superman building at 111 Westminster Street, Rhode Island’s tallest skyscraper. A bank occupied the building until 2012, when the building’s last tenant, Bank of America, vacated the premises. The original glass of the beacon was of green hue, and topped with a decorative globe, surrounded by a circle of stone eagles weighing 7.5 tons (6.8 tonnes). The Industrial Trust Tower – or the Superman Building as we all tend to call it – opened in October of 1928. Our independence allows us to write stories that hold RI state and local government officials accountable. The metal doors and trim were manufactured by Dalhstrom Metallic Door Company of Jamestown, New York.
Located at 55 Exchange Place and constructed in 1872, the land was purportedly deeded by the heirs of the original Samuel Butler.Commissioned in 1925 by the Industrial Trust Company (founded in 1886 by In 1998 FleetBoston Financial was acquired by Bank of America, and the building became the In 2012, Bank of America, still the sole tenant, decided not to renew its lease.High Rock's request for public funds to redevelop the building was turned down.In 2016, it was estimated that at least $115 million would be needed to rehabilitate the building.In 2013, High Rock sued Bank of America for millions of dollars, claiming that the bank had neglected upkeep of the building and left it in a deteriorating state. You can see the saga carved as you stroll around the corners of the “Superman” building, like a book pointing skyward for inspiration.No wonder myth has it that the boy artists who glimpsed its charm sketched the image of its graceful profile and turned it into the very ideal of the Clark Kent reporter who can save the planet from all the ills of the Depression, the Duration, and the fascist foes in far-away Europe.
This is one of several plans being pitched to 111 Westminster Street is commonly referred to as the "Superman Building", due to its resemblance to the The building and its neighbors are displayed prominently on the skyline of the fictional City of Quahog, Rhode Island, the setting of the American adult The current building at 111 Westminster Street possibly influenced design elements seen in the High Rock Development Closes $50 Million Fund, High Rock Fund I will be able to invest up to $200 million. High Rock Development has since offered a four-year plan that would require $40 million in new funding for the rehabilitation of the tower into a mix of uses that include retail, business and 285 residential units.An independent appraisal was completed in 2012, and in 2014 the Providence group Scotti and Associates used that appraisal to decide that the building had "no value. The vault has a 17-ton (15.5 tonne) door. A stairway leads to the higher north-face 29th level private 'dining car' or Gondola room designed to resemble the gondola of an airship; the room contains a wine closet and dark leather details. Building a skyscraper in Providence was a vote of confidence for the city and the region. Craftspeople from beyond the borders of our shoreline come to construct the community, weaving, designing, gathering, learning new languages, dining on the produce of our farmland. In 1932, it was damaged and repaired after a lightning strike.Floors 5, 12, 14, 17, 18, 26 and 30 recede to form the building's distinctive profile.The building has remained relatively unchanged through the years. © 1998 - 2020 Nexstar Broadcasting, Inc. | All Rights Reserved. This plan was rejected and the State has applied to move some of their Health and Human Services offices into the now vacant property. Providence was more than rural – it was Eden! Industrial National Bank Building, located at 111 Westminster Street (locally referred to as the Superman Building) is the tallest building in the city of Providence, Rhode Island, the tallest in the state of Rhode Island, and the 28th tallest in New England. "In December 2017, Paolino Properties and Gilbane Development announced a plan that would involve demolishing the building and replacing it with a new 36-story building. Providence's 'Superman Building' listed as one of nation's most endangered places . Industrial National Bank Building, located at 111 Westminster Street (locally referred to as the Superman Building) is the tallest building in the city of Providence, Rhode Island, the tallest in the state of Rhode Island, and the 28th tallest in New England.
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