 Blue Cross & Blue Shield of Rhode Island announced April 19, 2007, its intention to consolidate its operations comprising 1100 employees, which had been scattered throughout the city, into one 12-story building.The $114 million tower will be built on top of a parking garage currently under construction for Intercontinental's neighboring Waterplace Towers condominiums.The project is being built by Dimeo Construction Co. of Providence, Rhode Island.