Governor: Superman Building will be brought ‘back to life’

Apr 12, 2022, 12:38 PM | Updated: 12:39 pm
FILE -- The Superman Building, center, stands in downtown Providence, R.I., on March 27, 2013. The ...

FILE -- The Superman Building, center, stands in downtown Providence, R.I., on March 27, 2013. The owner of Providence's Superman Building is planning to turn the vacant landmark into an apartment building with retail space, with help from the city and state, R.I. Gov. Daniel McKee is set to announce Tuesday, April 12, 2022. (AP Photo/Steven Senne, File)

(AP Photo/Steven Senne, File)

After years of neglect, the most recognizable feature on the Providence skyline, the Superman Building, will be rescued.

Rhode Island’s governor announced Tuesday that the building’s owner is planning to turn the vacant landmark into an apartment building with offices and shops, with help from state and city funding.

Officially known as the Industrial Trust Building, at around 430 feet (130 meters), it is the tallest building in Rhode Island. It has been vacant for nearly a decade.

Gov. Dan McKee said the $220 million redevelopment project will reinvigorate downtown Providence and bring the Superman Building “back to life.” Opened in 1928, it resembles the Daily Planet headquarters in the old “Adventures of Superman” TV show.

McKee said $26 million will come from state housing and economic development programs and $15 million will come from the city through a loan and a direct contribution. Massachusetts-based High Rock Development committed to providing more than $42 million, and will take advantage of federal tax credits and seek a tax stabilization agreement from the city, McKee added.

High Rock Development bought the building in 2008. In 2013, the sole tenant, Bank of America, moved out. The value of the building dropped and it fell into disrepair. The developer sued the bank and the bank countersued, arguing it spent millions of dollars on maintenance before it moved out.

The $54 million lawsuit was settled in 2017, just before a trial was scheduled to begin in federal court. The terms of the settlement weren’t disclosed. At that time, the 26-story vacant building, at the heart of downtown Providence, had become a symbol of Rhode Island’s economic decline.

The Art Deco-style skyscraper remained hard to fill because of its age and renovation needs. It was included on the National Trust for Historic Preservation’s annual list of the nation’s most endangered historic places in 2019 because of its mounting maintenance needs after years of vacancy.

The new plans call for 285 residential apartments, 20% of which will be dedicated to affordable housing, 8,000 square feet of commercial office space and a mix of retail, event and community spaces in the large banking hall.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


FILE - More than 100 opponents of the Republican redistricting plans vow to fight the maps at a ral...
Associated Press

Abortion ruling puts spotlight on gerrymandered legislatures

In overturning a half-century of nationwide legal protection for abortion, the U.S. Supreme Court ruled that Roe v. Wade had been wrongly decided and that it was time to “return the issue of abortion to the people’s elected representatives” in the states. Whether those elected officials are truly representative of the people is a matter […]
16 hours ago
People salute the casket of Hershel "Woody" Williams set up in the first floor rotunda of the West ...
Associated Press

WWII Medal of Honor recipient to lie in state at US Capitol

CHARLESTON, W.Va. (AP) — Hershel W. “Woody” Williams, the last remaining Medal of Honor recipient from World War II, will lie in state at the U.S. Capitol, U.S. Sen. Joe Manchin announced at a memorial on Sunday where Williams was remembered for his courage, humility and selflessness. “He never quit giving back,” said Manchin. That […]
16 hours ago
Associated Press

West Africa leaders lift sanctions on 2 junta-led neighbors

ACCRA, Ghana (AP) — West African leaders attending a regional summit agreed Sunday to lift sanctions on two neighbors led by military governments that are now promising a return to democratic rule. The summit of the Economic Community of West African States resolved to lift all economic and financial sanctions imposed on Mali and Burkina […]
16 hours ago
People evacuated from the Field's shopping center gather outside,  in Orestad, Copenhagen, Denmark,...
Associated Press

Several dead in Copenhagen mall shooting; suspect arrested

COPENHAGEN, Denmark (AP) — A gunman opened fired inside a busy shopping mall in the Danish capital on Sunday, killing several people and wounding several others, police said. A 22-year-old Danish man was arrested after the shooting, Copenhagen police inspector Søren Thomassen told reporters, adding there was no indication that anyone else was involved, though […]
16 hours ago
German Foreign Minister Annalena Baerbock, briefs the media after a meeting with her counterpart fr...
Associated Press

Germany, Ireland slam UK move toward overriding Brexit deal

LONDON (AP) — Germany and Ireland have condemned the U.K government’s move towards unilaterally rewriting parts of the post-Brexit deal with the European Union. German Foreign Minister Annalena Baerbock and Irish counterpart Simon Coveney said there was “no legal or political justification” for overriding the agreed trade rules in Northern Ireland. Writing in British newspaper […]
16 hours ago
FILE - California Gov. Gavin Newsom discusses the recent mass shooting in Texas during a news confe...
Associated Press

‘Join us in California’: Newsom targets GOP in Florida ad

SACRAMENTO, Calif. (AP) — Gov. Gavin Newsom is running for reelection in California, but his latest television ad is airing in Florida. The 30-second spot scheduled to air on Fox News starting Monday takes shots at Florida Gov. Ron DeSantis and his policies, while drawing a contrast with California. “Freedom, it’s under attack in your […]
16 hours ago

Sponsored Articles


Best retirement savings rates hit 4.30%

Maximize your retirement savings with guaranteed fixed rates up to 4.30%. Did you know there is a financial product that can give you great interest rates as you build your retirement savings and provide you with a paycheck for life once you retire? It might sound too good to be true but it is not; this product is called an annuity.
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Update your child’s vaccines before kindergarten

So, your little one starts kindergarten soon. How exciting! You still have a few months before the school year starts, so now’s the time to make sure students-to-be have the vaccines needed to stay safe as they head into a new chapter of life.
Christina O’Haver

BE FAST to spot a stroke

Every 40 seconds—that’s how often someone has a stroke in the United States. It’s the fifth leading cause of death among Americans, with someone dying of a stroke every 3.5 minutes.
Governor: Superman Building will be brought ‘back to life’