AUSTIN-Those interested in downtown development could soon be following the progress of three major hotel projects. The JW Marriott project is well underway, and two more hotel projects are begin prepped to break ground in the next six months, says the Austin Business Journal.
Developers of the proposed Hotel Van Zandt in the Waterfront District and the Fairmont Austin nearby confirmed that they are moving ahead with construction. The announcements were made at the monthly breakfast gathering of the Urban Land Institute's Austin chapter.
Greg Clay, chief investment officer for JMI Realty, which is developing the Hotel Van Zandt, said his company has applied for building permits and expects to break ground by June on the 16-story, 327-room hotel.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
