Yes, a whole new story has been offered by Fane Developers. After creating a stir, to say the least, with their proposal for a tri-towered colossus on the Providence River, the New York developers have tempered their enthusiasm — or gotten a dose of realism, depending on whom you talk to — and now offer us 43 stories of apartments overlooking the riverfront park.
Call it an improvement or a something else, the new proposal is a mere shadow of the 33- 43- 55-story trio of towers that would have put our park in perpetual shadow, if our calculations are correct.
The base of the proposed tower is now only wide enough for two towers. That's a relief for people crossing the foot/bike bridge: now they won't have to circumnavigate a 600+ foot wide five-story barrier in order to get to and from the park. Of course, the mighty plinth currently on the drawing board will still cast a formidable shadow of its own over sun-bathers in the park. And, should tenants show up in droves, Fane Developers will move forward on the second... and third towers, although at somewhat reduced height.
Early days, as they say.
How many more shoes will be dropped? What market realities will intrude? How massive will the subsidy and tax relief requests be? Too early to say.
Kate Bramson offers her fair and balanced view in the Providence Journal that you can read,
And coverage from GO Local Prov, including comments from some community leaders. Read Kate Nagel's article, HERE.