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.
Though JMI has owned the site at Red River and Davis streets since 2006, the project had been stalled by the recession and other factors, but now it's back on track.
Click Austin Business Journal to read the full story.
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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.
