The International Information Center for Structural Engineers

Items filtered by date: Tuesday, 11 February 2014

The owner of Rhode Island’s tallest building renewed his effort on Monday to gain support for a public private partnership that would convert the vacant office building into apartments. 111 Westminster Street, formerly the Bank of America Building and commonly referred to as the Superman Building, has been empty since Bank of America removed the last of its employees from the building on April 7, 2013. High Rock Development bought the building for $33.2 million in 2008, and they invested an additional $6 million into the building. This investment quickly began to lose money due to the real estate market meltdown, and the company had to write off $24 million of its own investment.