For those Indianapolis residents who remain forlorn about the current state of the Canal Walk—or for those who think it stands as an archetype for urban development—I present another waterway below street level that demonstrates similar challenges: the Providence River in downtown Providence, and its man-made tributaries.
In some ways the
However, much of it is comparable in scale to the Canal Walk, if slightly wider and a bit closer to the surface.
Despite this creative infusion of art and design largely accredited to
In case my argument has failed to convince that
For those who can’t read the cardboard sign resting in the pile of dirt, it says “
The Waterplace Condominiums—also visible to the far left in the third photo on this blog posting—generated considerable fanfare at the initial ribbon-cutting a few years ago, signifying that Providence was entering the big leagues for generating enough demand for downtown living to justify these formidable structures. By 2007, rumors abounded the preliminary sales were worrisomely slow. In today’s era of the subprime meltdown and ensuing foreclosure crisis, demand for luxury condos has plummeted to the point that the developer has demoted the building to an apartment/condo mix. But
The much less grandiose structures along the Indianapolis Canal Walk suggest that it has not yet suffered from residential overbuild, at least in this section of the canal. But developers in