Rhode Island’s tallest building will soon be its most visible symbol of the state’s long economic decline. The 26-story Art Deco-style skyscraper, known to some as the “Superman building” for its similarity to the Daily Planet headquarters in the old TV show, is losing its sole tenant this month. No one is moving in, and the building, the most distinctive feature on the Providence skyline, will no longer be fully illuminated at night, if at all, its owner says. It’s a blow for the city and the state, which had 9.4 percent unemployment in February and has had one of the worst jobless rates in the nation for years.
Nicolas Retsinas, a senior lecturer in real estate at Harvard Business School, says 111 Westminster, as the building is also known, will be “the ultimate urban pothole.”