News

Developers Fortune International Group and Oak Capital obtained a $259 million construction loan to move forward with the Ritz-Carlton Condo Hotel & Residences, in Pompano Beach, Florida. Bank OZK provided the mortgage to the developers for the two-tower project on 4.6 acres at 1380 S. Ocean Blvd.   The Ritz-Carlton Residences, Pompano beach will feature a 32-story tower along the beach with 117 condos and a 14-story condo on the Intracoastal Waterway with 88 condos. The project will have over 35,000 square feet of amenities, including pools, sports courts, a beach club, a marina, and resident-only restaurants. There will also be several suites that condo owners can rent out for guests. Edgardo Defortuna is president of Fortune International. Ricardo Dunin is CEO of Oak Capital. Revuelta Architecture International designed the project and Piero Lissoni handled the interiors and landscaping. The project will be completed in 2025.       

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Developer Hunt Realty Investments plans to redevelop 20 acres around the Reunion Tower in downtown Dallas, Texas at a cost of $5 billion, The Dallas Morning News reported. The project located next to the Kay Bailey Hutchison Convention Center that the city plans to begin building next year. Hunt’s plan calls for constructing a dozen new high-rise residential and commercial buildings with up to 3,000 apartment units, a hotel with 600 to 1,000 rooms, 150,000 square feet of retail space and 2 million square feet of office space, as well as a 3- to 4-acre park. It also plans to redevelop the historic Union Station, located across the railroad tracks from Reunion Tower. The first phase of construction will include hotel, retail, dining and entertainment real estate to support the convention center, and affordable apartments.  Hart Howerton architects prepared the new master plan.    

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Developers Urban Network Capital Group (UNCG) and Vertical Developments have secured a $24.5 million construction loan from Rok Lending for a boutique condo-hotel development in Miami, Florida’s Brickell district. Named the Visions at Brickell Station, the eight-story project will include 111 units at 1136 SW 3rd Avenue, two blocks west of the Brickell Metromover station. Amenities will include a spa, gym, event space, and a rooftop pool. The development, which is estimated to cost $45 million in total, is geared towards investors. Under the condo-hotel ownership model, owners will be able to stay at their unit for up to 30 days. The rest of the time, a hotel management company will rent out the residences. Construction is scheduled to be completed in 2025.      

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Construction of the proposed Grand Hyatt Resort Hotel in Seaside, California has been approved to move forward. The hotel would include 330 guest rooms, a conference center with meeting rooms, restaurants, lobby bar, service kitchen, administrative offices, food and beverage, spa and fitness center, and service circulation areas. The seven story hotel would also include an outdoor swimming pool adjacent to the hotel, 195,000 sf of guestrooms, 35,000 sf of meeting space, 14,000 sf of restaurants, 14,000 sf spa and fitness space and a large exterior courtyard. The project is being developed by Seaside Peninsula Acquisition Group. Adolfo Gonzales is the project manager with the city of Seaside. EMC Planning Group is handing land development, Brian Murch with DLR Group is the project Architect. A Sundt Construction of the general contractor.     

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Developers are proposing to build a Home2 Suites Hilton branded hotel located at 4011 N Carson Street in Carson City, Nevada. The property is located on the northeast corner of the intersection of North Carson Street and Silver Oak Drive. The developer plans to construct the 91 guest room hotel which is an allowed use in the RC zoning district. The proposed building height is approximately 54 feet tall. The Home 2 Suites facility would consist of approximately 60,000 square feet and be four stories. Westex Consulting Engineers is designing the project.    

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A proposed Hilton Garden Inn in Estero, Florida has received approval from Village of Estero planning commission. The 115 guest room hotel to be built at 8009 Sweetwater Ranch Blvd. The project is being developed by Equity Inc. subsidiary, Coconut Estero Investment Partners LLC. The 70,800-square-foot-hotel will be located at the southwest corner of Via Villagio and Sweetwater Ranch Boulevard adjacent to the Estero Fire Station. Rick Brylanski, of Hole Montes is the project Civil Engineer. Shawn Boysko with Equity Construction is the construction manager. Jon Rolwing, is VP of development with Equity Inc. Guillermo Pedroza of David L. Wallace is the project Architect. William E Prysi, is the Landscape Architect. Ned Dewhirst with Oakbrook Properties, Inc is co-developer. The Design Group is the project design engineer.   

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Developer Shamin Hotels is planned to build two hotels at the Springline project, District 60, the mixed-use development that’s underway on the site of the old Spring Rock Green shopping center in Chesterfield, Virginia. Shamin will invest $75 million in its Springline project, which include a Hilton hotel with conference facility, and a smaller, limited-service hotel with about 100 rooms. Neil Amin, is Shamin Hotels CEO. The proposal is awaiting approval from the city of Chesterfield.  

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Developers Merritt Development Group and Peachtree Group are planning a Residence Inn by Marriott at 100 N. Main Ave in Downtown San Antonio, Texas. The project would include 171 guest rooms and be 10 stories tall. The 124,000-square-foot property would also see a rooftop pool and terrace, a fitness center, meeting rooms and a panaderia. Construction is expected to cost $58 million. A preliminary plan review for the building is currently underway by the city of San Antonio’s Development Services. BGKT Architects is designing the hotel.  

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Developer KT Urban is planning to build a boutique hotel across from the Santana Row shopping mall in San Jose, California. The seven story, 176-room Olin Hotel located at 425 S Winchester Ave was delayed due to the Covid pandemic but is now moving forward and going through the city’s planning process. Mark Tersini is vice president of KT Urban. Lowney Architecture is design the project.    

For detailed information on upcoming hotel developments, construction & renovation projects in the planning, design, pre-construction and construction phases including who is involved plus their contact information and our Preferred Vendor Directory & featured vendors, hotel listings please visit: HotelProjectLeads.com and subscribe today.