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Nov 2022

Hotel Mixed Use Project Approved

The city of Peoria Arizona has moved forward with a development agreement needed for a new mixed-use office project in the West Valley city called Stadium Point. The project will comprise more than 1 million square feet of space across 17 acres owned by the city along 83rd Avenue south of Bell Road at the Peoria Sports Complex, the city’s spring training facility, within the P83 entertainment district. Stadium Point is expected to start construction in 2023 and comprise 645,000 square feet of class A office space between two buildings, a 220-room hotel, 357 multifamily units and 65,000 square feet of retail or restaurant space and a 28,000 gross-square-foot food hall, according to the developer. The developer, Steinhauer Properties Inc. will purchase the site, complete construction and then transfer ownership of the property back to the city for up to eight years or until at least $15 million in public infrastructure has been completed by the developer, which could occur before eight years. This infrastructure includes an activity plaza and portions of internal roadways serving the stadium.

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Nov 2022

New Hotels Planned for the Woodlands Mall

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The Woodlands Mall in Woodlands, Texas will undergo a $100 million expansion, adding two hotels and additional retail space. The Woodlands Township and the Economic Development Zone, approved an agreement with The Woodlands Mall Associates LLC, which grants a portion of sales and hotel occupancy tax revenues from the expansion to the owner of the mall, Brookfield Properties. The development area is a 15-acre site adjacent to Macy’s on the southwest corner of the mall, which is currently used as a parking lot. The plan is to build an open-air, mixed-use commercial center with at least 80,000 square feet of retail space, a 200-room full-service hotel, a 125-room select-service hotel, a multilevel parking garage with at least 1,200 spots as well as surface parking and other improvements. The new hotels will be branded as either Hyatt, Marriott or Hiltons. The first phase includes 45,000 square feet of retail space and one or potentially both of the hotels. The agreement requires Phase 1 to be completed by the end of 2028 and Phase 2 by the end of 2033. Ted Harris is the general manager at the Woodlands Mall.

Nov 2022

Dana Point Harbor Hotel Mixed Use Project Moves Forward

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Dana Point, California moved another step toward starting its $400 million redevelopment. Dana Point Harbor Partners presented design details for the multiyear revitalization of the Orange County harbor, based on community feedback. In the updated designs, DPHP highlighted incoming restaurant retail, and public spaces at the harbor, with increased public green walkways and seating areas, event spaces, shops, rooftop bars overlooking the water, an artisanal-style food court and a boardwalk that connects Doheny State Beach to Baby Beach. Burnham-Ward Properties is overseeing the harbor’s amenities upgrades. Construction on the redevelopment is planned for early 2023. Also proposed in the designs are two waterfront hotels, built by Orange County-based general contractor R.D. Olson Development, replacing The Dana Point Marina Inn. With one four-star upscale hotel and one three-star casual hotel, the two accommodations will be situated on the waterfront with amenities including pools with harbor views, restaurants and bars, a fitness center, ballroom and direct access to the water. A redesigned marina by Bellwether Financial Group is also in the works. Construction began on the The Marina at Dana Point in August to improve the boating experience at the harbor by relocating the marina’s guest docks, incorporating higher quality technology such as increased pump-out stations and eliminating treated wood to decrease pollutants. Bryon Ward is head of Dana Point Harbor Partners and president of Burnham Ward Properties.

Nov 2022

Hotel Mixed Use Re-development Planned for Moore Square

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The area of Moore Square in Raleigh North Carolina is planned to be reimagined into an urban development with of apartments, a hotel, retail and dining options and a grocery store. Loden Properties proposal is for land to the east and south of Moore Square. Loden has partnered with Greystar and Greystone Affordable Development to propose a project with 560-590 multifamily units, a 135-room hotel, a 22,000-square-foot grocery store, 5,500 square feet of retail and dining space with a plaza and a new building for Raleigh Rescue Mission, which provides assistance to the homeless. The multifamily units would include 160-190 affordable units and 400 market rate apartments. There would be a mix of affordable units at 30, 50, 60 and 80 percent of the area median income. The retail portion would target locally focused businesses. The property is 16 parcels currently zoned downtown mixed-use up to 20 stories and up to 12 stories. Loden’s proposal includes a 150-160 room boutique hotel, 25,000 square feet of coworking space, audio/recording production and art studios and a reuse concept for Esso Station. It also includes a relocation of the Norwood House. Loden partnered with Northpond Partners and Summit Hospitality for this portion of the project. Loden Properties has developed several projects including The Longleaf Hotel and Lounge. Summit Hospitality owns seven hotels in Raleigh.

Nov 2022

Hilton Branded Hotel Planned for Pompano

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A site on Federal Highway in Pompano Beach Florida are planning to redevelop it into a Homewood Suites by Hilton. The city’s Development Review Committee will consider the site plan for the 1.1-acre property at 505 and 599 N. Federal Highway. MHG Hotels has the property under contract from MacMillan Real Estate LLC. It currently has a 2,005-square-foot Citgo gas station and a 2,352-square-foot office building. They would both be demolished to make way for the hotel. Totaling 225,910 square feet in nine stories, the hotel would include 163 guest-rooms and a 185-space parking garage. There would be a pool and amenity deck on the fifth floor featuring a fitness center and an activity lawn. The ground level would feature a 790-square-foot patio lounge. Adache Group Architects is designing the project. Neal Patel, is VP of MHG Hotels. MHG Hotels owns 17 hotels and has another two under construction. It has a hotel planned in Hollywood, Florida. The company also owns multifamily and self-storage properties.

Nov 2022

Hotel Proposed for Rehoboth Beach

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A new hotel is being proposed for the city Rehoboth Beach Delaware. The city’s planning commission is considering a proposal for the new hotel where Dolle’s Candyland used to be. The proposed hotel location would also be comprised of Grotto Pizza, the Sirocco Hotel area and part of Kohr Bros. Ice Cream. The official proposal, with renderings, was recently brought to the planning commission. The project would include a 60 guest room hotel with underground parking. ONIX Group is the project developer. NORR is the project Architect.

Nov 2022

Extended Stay Hotel Construction Underway

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Hotel Company Level Hotels & Furnished Suites has begun construction on a 56-room hotel at 352 N. Union St. in the Fulton Market District of Chicago Illinois. Onni Group, Level’s parent company, is the developer for the new hotel and owns The Emily Hotel, 311 N. Morgan St., also in Fulton Market. Other Chicago-area Level hotels include Level Chicago-River North and Level Chicago-Old Town. The Fulton Market hotel will include studios, one-, two- and three-bedroom suites as well as 177 parking spaces. It is planned for a spring 2023 completion.

Nov 2022

Four Seasons Hotel Planned for Corniche District

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Four Seasons Hotels and Resorts and Midad Real Estate are planning to build a Four Seasons Hotel and Private Residences Jeddah Saudi Arabia, which is scheduled to open in 2024. The project will be located within the Corniche District, with views of the Red Sea and Jeddah’s classic architecture. Four Seasons Hotel and Private Residences Jeddah at the Corniche will include 269 luxuriously appointed guest rooms and suites, 21 serviced apartments for short and long-term stays and 64 Private Residences including two penthouses. Skidmore, Owings & Merrill is the project architect and Richmond International the interior designer. Each space will be thoughtfully created to incorporate opulent, tasteful design elements. Accommodations will include expansive living spaces for families, tranquil spa-inspired bathrooms and marble-clad interiors throughout. The serviced apartments will be available in two and three-bedroom configurations starting at 1,250 square feet.

Nov 2022

Island Gardens Resort Development Moves Forward

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The Islands Garden mixed use resort development on Watson Island in Miami Florida is moving forward with the developer signing a utilities agreement with the county to supply water and sewer services. The project will include: 455 hotel rooms, 150 apartments, 221,000 square feet of retail, 136,140 square feet for restaurants, a 13,800 square feet banquet hall (without kitchen), 10,340 square feet for a bar or cocktail lounge, and 50 marina slips. Flagstone Property Group is the project developer, Nichols Brosch Wurst Wolfe & Associates is the project architect. Coastal Construction is the construction manager. Technomarine Group is building the marina.

Nov 2022

Cobblestone Inn & Suites Hotel Planned at U.S. Highway 20

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North Iowa Development Partners LLC plans to develop a new Cobblestone Inn & Suites hotel at the intersection of U.S. Highway 20 and Iowa Highway 4, just north of Rockwell City in Calhoun County Iowa. Construction of the 45-room hotel is expected to begin in 2023. The building site is located in the Calhoun County Business Park, across the street from the Sparky’s Convenience Store that is being rebuilt after a Nov. 23, 2021, fire destroyed the original building. Jonathan Wetter, is the leader of the development team. Cobblestone will be responsible for management of the hotel, and the investor group will not be involved in daily operations.

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