The developer is Gordon Sondland, who with local partner N. Jack Alhadeff, a real estate broker and investor, paid $1 million for half-ownership in the property from the Warshals in 1997. Among other Downtown hotels, Sondland also owns the Alexis, which is located across the street from the Warshal's site.
The two existing buildings on the 13,342-sf site will be demolished. The ground floor of the new building would contain the hotel lobby and some retail. Floors two through five in the building will be parking, with 128 hotel rooms above that and 72 apartments above that.
The developers could not immediately be reached for comment on a preliminary construction schedule and the brand of hotel it will be developing. The MUP will be issued shortly after Nov. 14 if no appeals are submitted.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.