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Developer Discusses 46-Story Hope Point Tower At Public Hearing

A New York real estate developer met with Providence officials to discuss plans for a 46-story skyscraper that has received strong opposition from community groups.

Jason Fane attended a public hearing Monday evening on his proposed 46-story Hope Point Tower. The Providence City Council Ordinance Committee previously rejected a zoning change that would have exempted the tower from a height limit.

The developer showed slides of the tower in context in the city and comparisons to existing tall buildings in Providence.


Fane also presented a report on the importance of the economic development and growth the tower will bring to Providence. The report was done by Edward Mazze, a business professor at the University of Rhode Island.

According to Mazze's report, the proposed skyscraper, which is estimated to cost more than $300 million, will generate $250 million in property taxes during the first 40 years and $12.7 million during the construction period.

The report also states that the "400 to 800 residents of the apartment and condominium units could generate an additional $11.4 million for the Providence economy and support more than 115 jobs a year."

Fane wrote in an op-ed piece in the Providence Journal Monday that the tower “would provide many exceptional benefits to Providence and Rhode Island - housing, taxes, jobs and a positive impact on the economy.”

With additional reporting by The Associated Press.


A rendering of the proposed Hope Point Tower in Providence.
A rendering of the proposed Hope Point Tower in Providence.
Dante Bellini
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The proposed 46-story skyscraper in height comparison to other existing tall buildings in Providence.
The proposed 46-story skyscraper in height comparison to other existing tall buildings in Providence.
Dante Bellini
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The proposed Hope Point Tower in context of the city compared to existing tall buildings.
The proposed Hope Point Tower in context of the city compared to existing tall buildings.
Dante Bellini
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