The owners of the Jungle Island waterfront theme park in Miami Florida are proposing a new themed 300 guest room hotel, attractions and retail complex be built on the property located at 1111 Parrot Jungle Trail. The Watson Island project will incorporate green design elements. The hotel and accompanying 7-story parking garage with 965 spaces will include a botanical garden, with a second-story lobby, dining areas, meeting rooms, retail spaces, and rooftop pool deck. The plans call for the outdated parking garage to be demolished and the present Jungle Island ballroom and conference facilities to be modernized and integrated into the new hotel. Jungle Island will be united by a central plaza and pedestrian boulevard winding through the eco-park grounds, into the Hotel Area, and through to the Japanese Gardens.
 
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Entertainment developer Cordish Company is proposing to build a $1.4 billion mixed use development that would include a casino and hotel in Petersburg Virginia. Proposed to be named Live! Casino & Hotel Virginia, the casino will include 670,000 square feet of gaming, hotel, dining and entertainment space; a 200 guestroom room hotel; 2,000 slots and electronic table games and 60 live-action table games including poker; sportsbook, event center, a dozen food and beverage outlets and free parking surface. Zed Smith is Chief Operating Officer for the Cordish Companies. Richard Burns is Director of Architecture & Design.  
 
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Developers are proposing a 28-story hotel located at: 1201 Atlantic Ave in Daytona Beach Florida. The project called the Silver Beach Condo Hotel is an extended stay hotel being proposed by Eduardo Avila or Daytona Atlantic Development represented by Cobb Cole lawyer Robert Merrill. The 300-room hotel will be divided into 1, 2 and 3-bedroom units, with the smallest unit 600 square feet. There also will be a pool. The restaurant will be open to the public. The groundbreaking is scheduled for late 2023. The total project investment is estimated at: $100 million. Joe Hopkins of Performance Group is the project civil engineer.  
 
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Bally’s Corp plan for a $1.7 billion casino in River West Chicago Illinois won the Chicago Plan Commission approval. Bally’s plan is to redevelop the site of the Chicago Tribune Freedom Center printing plant into a casino and entertainment complex. The first phase of the plan will include the casino, a 500-room hotel, nearly a dozen restaurants, an event center and a new theater. Future phases will include up to 4,800 apartments and condos, 250 hotel rooms, retail space, and a new public park. The project is expected to create 3,000 construction jobs and 3,000 permanent jobs at the casino and entertainment complex. Bally’s plans to open a temporary casino in the landmark Medinah Temple building in River North in the second quarter of 2023, with the permanent casino in River West expected to open in the first quarter of 2026. Bally’s is still awaiting license approval from the Illinois Gaming Board.   Bally’s is teaming with the Chicago Community Builder’s Collective and the Chicago-based Target Group to help the procurement process across a wide array of areas, including subcontractors, vendors, suppliers, and consultants. Solomon Cordwell Buenz is the project Architect.  
 
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You’ll often hear a business blog or investor piece talking about how the commercial laundromat industry is “dying.”

They’ll point to things like a lower number of new laundromats opening, or the preference of buyers and renters for in-unit washers and dryers as evidence that commercial laundry is on the way out.

But of course, extrapolating a small data set to prematurely declare an industry dead is a common pastime for business blogs. The fact is the laundromat industry not only isn’t dying but is projected to get even bigger in the coming years, and Laundry One is here to help make that happen.

Coin-Operated Laundry is a Great Investment and Projected to Grow
A 2020 study showed that the coin-operated laundry industry was a $14.6 billion industry in 2019, with the largest share of that being in North America.

And not only is that a massive industry already, but it was projected to grow at a whopping 9.4% between 2020 and 2027.

That’s a lot of potential for growth in the commercial laundry industry, and it remains a great investment with relatively little risk, as businesses go. Unlike many businesses, laundromats can be run relatively passively, even if you have no experience in the commercial laundry industry beforehand.

Because laundromats are primarily automated, this makes it a great choice if you’re looking for a business you can run without having to spend all your time there.

That doesn’t mean you can neglect it entirely – you still need to be on hand to make sure your laundry facility is clean and you’re quickly handling repairs. But compared to the 24/7 attention required by, say, a restaurant, new laundromats are much lower-maintenance and can be successfully run even by people with a different day job.

Barriers to entry are also relatively low, as the vast majority of laundromats are owned by mom-and-pop operations that own only one or two locations. The coin-op laundry industry doesn’t really have a major “Wal-Mart”-style force that dominates areas with name recognition and impossible price competition.

What that means is that running a coin-op laundry business is as much about people and personal connections as equipment and facilities. If you’re looking to get into the commercial laundry industry by setting up in a single location, you’ll be in good company. But that doesn’t mean everything comes easy.

Pitfalls to Joining the Coin-Op Laundry Industry
The laundromat industry isn’t dead, and it isn’t dying, but it IS changing.

You can’t simply open up a new laundromat on any old street corner and expect to start cashing in. The laundromat industry is often referred to as a “mature market.” What this means, in effect, is that there are not a lot of communities that need a laundromat that are not already being served by one.

That means your options, as a prospective new laundromat owner, include finding a newly-developed area that could use a laundromat (think new apartment communities without in-unit laundry facilities), or taking over an existing laundromat in a desirable area from someone looking to sell.

Your other big option when starting a laundromat is to change the game.

How the Coin-Op Laundry Industry is Evolving
Once upon a time, adding dry-cleaning services to a coin-operated laundry facility was a big deal.

Today, it’s a fairly common add-on service, but it’s not enough to make a new laundromat stand out. Today’s coin-op laundry facilities are evolving to become places where people want to spend their time.

The fact is, customers spend a majority of their time at laundromats simply waiting around. A vending machine and a TV in the corner set to a news channel isn’t really going to make it more fun for someone to hang out while they wait for their blue jeans to dry. Keeping your laundromat clean and equipping it with shiny new machines will help, but won’t make the experience stand out.

That’s why many new laundromats are making the experience more enjoyable by adding small coffee shops, free Wi-Fi, and even video games. These are all things that will increase your overhead, of course, but they are also huge differentiating factors in an industry where there aren’t very many of those to work with.

Some modern laundromats are also introducing drop-off/pick-up laundry services, where they can simply have staff take care of their laundry during a busy day.

These are all examples of how the coin-op laundry industry is evolving to thrive in changing times, rather than withering. With a good business plan, smart management, and a few edges to help you stand out from the competition, you can grab your piece of that growing $14.6 billion pie.

We can help! Contact Laundry One or check out our investment guide to see what opportunities are available to you! We can even help you put together a successful business plan. www.laundryone.com


The Residence Inn Marriott SoNo in Norwalk Connecticut is planning an expansion that will include 50 additional rooms. Developed by F.D. Rich, the Norwalk Residence Inn by Marriott opened in May 2019 with 102 rooms, later adding a rooftop bar with views toward Norwalk Harbor and Long Island Sound. The new hotel wing would mirror the brick exterior of the original building. The hotel was sold in September 2022 to Highline Hospitality Properties for $23.7 million. The companies are working together on the addition.  
 
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A Fairfield Inn Hotel by Marriott is planned to be developed in Farmingdale, New York
The new four-story, 84-room hotel replaces four blighted homes on 1.41 acres on Route 109 across from the southern end of Republic Airport. Krishiv LLC is the developer of the hotel and is awaiting building permits before starting construction, which it plans to begin next spring. The $19 million project is expected to be completed in Q1 2025. The new hotel required a change of zone from the Town of Babylon from G-Light Industrial to M-H Planned Motel-Hotel District, as well as variances and special use permit from the town’s Zoning Board of Appeals and Planning Board. Attorney Keith Brown, partner with Brown Altman & DiLeo, worked with Bohler Engineering and Atlantic Traffic & Design to secure zoning approvals for the hotel project. Pete Patel, of Krishiv LLC is one of the partners in the project.  
 
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The Fairfax County Planning Commission voted to approve the replacement of a surface parking lot with a five-story Home2 Suites hotel at Springfield Town Center in Springfield, Virginia. David Gill, is the applicant’s representative from Wire Gill. The building sits across two parcels fronting Loisdale Road on property owned by Pennsylvania Real Estate Investment Trust (PREIT). Home2 Suites by Hilton, would span two parcels fronting Loisdale Road near its intersection with Spring Mall Drive. InterMountain Management LLC is the hotel developer. Cooley LLP is the project land use attorney, HC Architecture is the hotel’s architect. JPRA Architects is the land development architect.  
 
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The San Francisco California Planning Commission has approved a hotel project at Fisherman’s Wharf. The project would demolish the existing one-story commercial building at 2629 Taylor St., which currently contains a cannabis dispensary, a souvenir shop and Hollywood Café, and replace it with a 136-room four-story hotel. Around 2,000 square feet of ground floor retail space will front Taylor Street, a throughway between the cable car stop and the wharf. Amenities include a fitness center, breakfast service area, employee shower and locker facilities, a roof deck and a large central courtyard. No vehicle parking will be provided as part of the project, but the hotel will include 16 bicycle parking spaces. Michael Stanton, the principal of the project’s architect Stanton Architecture. The project from developer Blackridge Group has been planned for the past four years, with the timeline extended because of the pandemic. Blackridge Group owns about a dozen hotels across major metro markets including New York City, Seattle and San Diego. The company has developed one other hotel in San Francisco, the 230-room Hyatt Place San Francisco at 702 Third St. near Oracle Park.
 
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Developers have proposed 137 guest room hotel and 15-home project at 251 S. Atlantic Ave. and 264 S. Atlantic Ave in Ormond Beach Florida. The developer, Ormond Beach Holdings LLC, seeks an issuance of a development order, two zoning map amendments, a comprehensive land use amendment and approval of a preliminary plat. The proposed five-story hotel is planned to span 95,700 square feet on 2.19 acres of oceanfront land. The 15 residential homes across the street will occupy, if approved, 3.49 acres of the former Florida Hospital Oceanside site. The hospital was demolished in 2019. The developer plans to construct 108 parking spaces next to the hotel east of A1A, and an additional 62 spaces across the street. The hotel will be a Marriott Residence Inn. Portions of the project also include the land at 225 Magnolia Ave. and 300 S. Atlantic Ave.
 
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