PROVIDENCE, R.I. (AP) — The owner of the vacant Superman Building said Tuesday its plan to redevelop it for residential use would require $39 million in state support, an amount immediately dismissed by the top House legislator as too much.

The proposal by High Rock Development envisions transforming the 26-story building — the state’s tallest and the modest Providence skyline’s most distinctive — into 278 rental apartments. It also would create 33,000 square feet of shops, restaurants and offices on the lower floors.