21 to Watch in RI in 2021: Superman Building

GoLocalProv Business Team

21 to Watch in RI in 2021: Superman Building

Superman Building - going on 8 years vacant PHOTO: GoLocal
Rhode Island’s tallest building -- the Industrial Bank Building or better known as the Superman building -- enters its eighth year of vacancy in 2021.

In 2019, it was named one of "America’s 11 Most Endangered Historic Places" by the National Trust for Historic Preservation in its annual list.

“From the National Mall Tidal Basin in Washington, D.C. to one of Chicago’s best examples of Post-Modern architecture to the vast, largely unprotected cultural artifacts in the Ancestral Places of Southeast Utah, this year’s list reflects both the diversity of America’s historic places and the variety of threats they face. As it has over the past three decades, we know that this year’s list will inspire people to speak out for the cherished places in their own communities that define our nation’s past," said Katherine Malone-France, the then chief preservation officer of the organization. 

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But, 2020 was a year of silence.

State economic development officials were absorbed with the coronavirus and trying to keep existing Rhode Island businesses open.

Trying to market a nearly 100-year-old building that needs an estimated $100 million or more in rehabilitation seems to be an epic challenge.

In the post-pandemic world is there a market for high-rise living or working in Providence? Is this the type of live or work environment that anyone will seek?

Since Bank of America vacated the building in 2013, the core of the Financial District has been on a painful downward decline. Nearby CVS and Dunkin’ stores have closed. Restaurants have come and gone.

“Opened in 1928, it has dominated the city's skyline for almost a century as one of the grandest pre-Depression era skyscrapers in the country. No new building in downtown Providence since has approached the wannabe-dirigible-docking station in terms of architectural excellence and design quality,” wrote GoLocal’s architecture critic Will Morgan.

He added, “Renovating the Superman Building will pay handsome dividends, as this landmark could become our most desirable and fashionable address. It can be a permanent advertisement that Providence cares about its past while taking innovative steps to keep its downtown livable and lively.”

Is there a future in a work at home economy for this building?


21 to Watch in RI in 2021

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