Fane Tower Goes Before 195 Commission Again - Beginning of the End, or a New Era
Wednesday, February 15, 2023
The proposed 47-story Fane tower is before the 195 Commission on Wednesday. Over the past six-plus years, the project has faced nearly endless local, state and court hearings.
The 5 PM hearing before the 195 Commission is to review the proposed design changes unveiled by the Fane development team in December.
The hearing is being held at 225 Dyer Street and can be watched on Zoom. SEE HERE.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTOne might think that a state with a major housing shortage would strongly embrace Jason Fane, but the New York developer has faced near-endless obstacles.
Rhode Island Last in Building Housing Units
Rhode Island, on average, produces the lowest number of housing units per capita in the country.
A report ranks Rhode Island last in the U.S. for new home construction per capita.
The study finds that Rhode Island issued just 1.27 permits per 1,000 residents in 2021.
Massachusetts issued 2.82 permits per 1,000 residents.
In contrast, Utah issued 11.94 permits per 1,000 people.
Most years, Rhode Island only produces about 1,200 new units — the proposed Fane project is expected to add more than 400 new units.
One issue likely to be discussed at the 195 Commission hearing is how the design changes proposed potentially impact the effect of wind on pedestrians in the area.
A consultant for the 195 Commission issued a report raising concerns that the removal of balconies from the design will create an adverse wind impact.
Fane's team wrote to the 195 Commission, claiming that the change will not have an adverse impact. "Our new design includes these landscaping and screening measures and also includes many shelves perpendicular to the main facades and vertical window protecting areas just outside entrance doors to help protect pedestrians from wind. The drawings being submitted to the commission incorporate these features."
The Fane project was originally budgeted to cost $200 million in 2019, but has seen costs explode, and now the developer expects the project to cost upward of $400 million due to increase material and labor costs.
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