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Narples82 t1_iza7a5z wrote

Reply to comment by Proof-Variation7005 in New design for Fane Tower keeps height the same by Rogue-Island-Pirate

Didn't the Dev for the superman building project think affordable housing meant a $2500 studio when asked on camera? I think you and I are the same page here but if the barrier to entry for these buildings is out of reach for most and it influences rental rates of existing buildings causing 50% or more of its occupants income to go towards housing rather than other economy-stimulating things we aren't really getting ahead.

I feel like the city wants to have nice things but cant produce an economy with a job market to sustain it. Rather they are counting on a "If you build it they will come" mentality to allure "better" citizens. To that I say "but we are here, we have seen it already and if history repeats itself we still cannot afford it."

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Proof-Variation7005 t1_iza9czn wrote

I'm not sure what interviews were done, but I know what they already announced the price points for the Superman building. The specific numbers are escaping me, but they were fine. The only real grip with that is that it's not enough of those units, since it's only like 50-60 apartments out of 300 and most of those are on the upper-tied of what qualifies for "affordable".

As for the job market? It's still plenty strong enough and I think remote work changed the game enough where you don't necessarily need to be adding more of the white collar office jobs in Providence. People are being priced out of NYC and Boston at a much higher rate. That ain't stopping and remote work isn't going away.

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