PROVIDENCE, R.I. (AP) — A New York City-based developer is seeking to build three high rises on former Interstate 195 land in Providence.
Jason Fane, president of The Fane Organization, told the I-195 Redevelopment District Commission Monday he wants to build three high-end residential towers on the land.
Fane says the separate “Hope Point Towers” would connect at ground level and rise up at varying heights— 33, 43 and 55 stories tall. The project could cost between $400 and $500 million to build.
Fane spoke about the project with WPRO’s Gene Valicenti Tuesday morning. Listen to the conversation below.
He says he wants to build roughly 1 million square feet, or more, on a one-acre parcel between Dyer Street and the intended park space located west of the Providence River.
Vice Chairman Robert Davis told Fane the commission will conduct a financial analysis of the project.
