Providence Developers Abandon $88M Tower Project After Lender Pulls Out Last Minute
Key Takeaways Lender withdrawal at the final hour halts a major $88 million tower project, shaking up Market Square’s future prospects. Investor confidence in Providence’s development climate is severely impacted, raising concerns about the viability of large-scale projects. The abrupt cancellation triggers uncertainty in the local real estate community, casting doubts on upcoming financing and redevelopment efforts. Fallout for Downtown Development A sudden lender withdrawal has shattered hopes for Providence's skyline near WaterFire, forcing developers to abandon the $88 million tower project. Months of negotiations and city plans have crumbled overnight. This leaves Market Square with uncertainty and the local real estate community shaken. Financial Instability Derails Major Providence Development A wave of shock ripples through Providence as developers abruptly abandon an $88 million tower project just blocks from WaterFire’s famed rivers . The bold vision for a ne...