Dem Govs Get It Done: Gov. Dan McKee Announces Historic Rehabilitation of Providence’s Superman Building
Today, Gov. Dan McKee announced a historic rehabilitation of Providence’s Industrial Trust Building, also known as the “Superman Building.” The $220 million plan will create almost 1,600 construction jobs and convert the vacant tower into 285 residential apartments.
“As Rhode Island continues to lead the region in our economic recovery,” said Gov. McKee, “this project will help to maintain that momentum by reinvigorating downtown Providence, creating good-paying construction jobs, increasing our state’s market-rate and affordable housing supply, and generating further opportunities for the residents and businesses of our capital city.”
The building, a fixture of Providence’s skyline, has been vacant for nearly a decade. Twenty percent of the apartments will be affordable to low- and moderate-income Rhode Islanders. The project will also include commercial office space and a mix of retail, event, and community uses.
The developer has also committed to recruiting local minority- and women-owned construction firms and making a charitable contribution to Crossroads Rhode Island following the completion of the project.
“Gov. Dan McKee continues to deliver historic investments in affordable housing, businesses, and the creation of good-paying jobs,” said DGA Senior Communications Advisor Christina Amestoy. “This project builds on Gov. McKee’s strong record of reinvigorating Rhode Island’s economy as he leads the state forward.”