$220M renovation plan unveiled for ‘Superman’ building–PBN

PROVIDENCE – The Industrial Trust Co. Building, the tallest property in Providence which has remained empty for nine years despite numerous efforts by public officials to spur economic development, is now expected to undergo a massive historic renovation.

Gov. Daniel J. McKee, state officials and building owner High Rock Development LLC on Tuesday announced a $220 million project supported by $41 million in state and city financing that will revive the former office tower into apartments, office, retail and event space.

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Providence Foundation
Nonprofit to support Providence parks in the works

Jessica David, who serves as a consultant for the Providence Foundation, told Providence Business News Thursday that local parks advocates are looking to launch a new 501c3 nonprofit by the end of the year, bring to life the original vision that the Downtown Providence Parks Conservancy was supposed to be.

David said the Providence Foundation – of which the parks conservancy was originally associated with – and the city convened a 16-person steering committee to discuss the concept of a downtown parks network. The group spent the past year looking over what the network’s vision would be and how to best activate the eight to 10 public spaces that exist in downtown, David said.

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Providence Foundation
DPPN ONE OF SEVEN URBAN PARK ORGANIZATIONS SELECTED FOR CENTRAL PARK CONSERVANCY INSTITUTE FOR URBAN PARKS 2022 PARTNERSHIPS LAB

The Central Park Conservancy Institute for Urban Parks (Institute) is pleased to announce the seven urban park organizations selected for the 2022 Partnerships Lab cohort. These organizations, representing urban park programs from around New York City and the United States, will participate in the eight-month program to learn best practices, engage in peer-to-peer mentorship, and join workshops with Central Park Conservancy subject-matter experts.

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Providence Foundation
Cliff Wood interviewed on CEOs You Should Know

Cliff Wood is CEO of the Providence Foundation. For fifty years, the Foundation has helped advance bold, visionary initiatives that shape the present and future of downtown as the dynamic hub of a vibrant and prosperous Providence. Hear about the amazing work the Providence Foundation is doing to steward the future of Downcity in this fascinating episode.

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Providence Foundation
McKee: ‘Heavy’ negotiations ongoing for Superman building, proposal ‘has legs’

“We’re short on housing. This is meeting an obvious market demand,” Wood said. “We know now there is a strong demand for a particular type of use. … It’s obviously an iconic building for the state. We encourage any reasonable plan to see it be redeveloped. It would be really significant for the downtown and the local economy. It’s a lost opportunity to have it empty. It’s not neutral for it to be empty. It’s a negative pull.”

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Providence Foundation
Crossroads R.I. receives nearly $500k from Providence’s ARPA funds to begin homelessness intervention - BOSTON GLOBE

Mayor Jorge O. Elorza, members of the city council, the Rhode Island Foundation, the Providence Foundation, and Crossroads Rhode Island will collaborate on a new mobile diversion program for Providence residents experiencing unsheltered homelessness. Through the new program, Crossroads will assist individuals living in places not meant for human habitation to either regain permanent housing or enter a shelter or transitional housing program.

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Providence Foundation
Finally, a sensible idea for public transit in Providence – Boston Globe

Sometimes, it’s a lack of money that can derail a good idea. Other times, it’s a lack of political will — or a lack of support.

The Rhode Island Department of Transportation’s previous proposal to build a multi-hub system that would spread RIPTA buses throughout downtown Providence (rather than having a central hub like Kennedy Plaza) didn’t garner support from anyone not named Peter Alviti (the DOT director) or Joe Paolino (the former mayor and downtown real estate mogul).

Thankfully, there’s a new concept for public transit in downtown that seems to be quietly gaining momentum, appears to be affordable, and would address many of the existing concerns about Kennedy Plaza, including drug and safety issues.

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Providence Foundation
Summary of COVID-19 Downtown Business Survey

Downtown Providence has been severely impacted by COVID-19, as tourism and conventions came to an abrupt stop, offices emptied out, and performance venues closed to protect public health. As we plan for the recovery of downtown Providence and the future of our city, The Providence Foundation conducted an online survey of employers.

A total of 37 respondents completed the survey between April 7 and April 23, 2021.

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Providence Foundation
Rhode Island Special Elections on March 2nd

In a special election taking place this March 2nd, Rhode Islander’s have an opportunity to invest in important projects that could foster the growth of its taxbase and mitigate the State’s climate change vulnerabilities.

At top-of-mind for The Providence Foundation is Phase 2 of Dredging the Providence River, inlcuded in the Enviornmental Bond on Question 2.

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Providence Foundation
Dining Out in the time of COVID-19

Memorial day was earlier this week, which ordinarily sees Rhode Islanders blossoming like beach roses. It is the time of year we say goodbye to the “spring of deception” “third winter” and “mud season.” It is now true spring, with one toe in the tidepools of summer. In the time of COVID-19, we may be able to confidently welcome warmer weather, but the uncertainties surrounding outdoor socializing are not entirely cleared.

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Providence Foundation
Adaptive Reuse, Innovation, and Saving Superman

10 years ago, no one would have ever called the downtown ‘their neighborhood.’ Now many residential developments have waiting lists to get in, and the community has its own Downtown Neighborhood Association. It makes sense then that there is a renewed wave of effort to nail down a process to Save Superman.

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Providence Foundation