13
Dec 2022

River West Casino Resort Project Approved

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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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12
Dec 2022

The Laundromat Industry is Changing, Not Dying

Vendor News , dduckworth

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...

09
Dec 2022

Residence Inn Marriott Hotel Planning Expansion

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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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08
Dec 2022

Fairfield Inn Marriott Approved for Farmingdale

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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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07
Dec 2022

Home2 Suites Planned for Springfield Town Center

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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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06
Dec 2022

New Hotel Planned for Fisherman’s Wharf

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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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01
Dec 2022

Hotel & Apartments Planned for Ormond Beach

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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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30
Nov 2022

Hyatt Hotel Planned for Downtown

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Developers are planning a new hotel at Downtown Chattanooga, Tennessee’s Southside that will be branded a Hyatt hotel. Designed by Gonzalez Architects and developed by 3H Group the $30 million project will be a five-level, 123-room Caption by Hyatt built at 105 W Main Street. Work is planned to start the 1st half of 2023 and take 18 months to complete. Selene Varela is the project designer with Gonzalez Architects. Hiren Desai is the CEO of 3H Group Inc.  
 
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29
Nov 2022

Hotel Mixed Use Tower Planned

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Developer Cymbal DLT Cos. has revealed the next phase of its Raintree project along the New River in Fort Lauderdale Florida featuring three towers including a hotel and a marina that would bring the cost of the project to about $1 billion. Cymbal DLT Cos., led by Chairman Asi Cymbal, started site work on the first phase of the Riverwalk Raintree Residences in October with 677 apartments and 21,000 square feet of commerce space planned in towers of 28 and 29 stories. The project named the Nautica Residences and Hotel would be located on the 3.82-acre site at 400 S.W. Third Ave. Totaling 2.09 million square feet, the Nautica project would have a 50-story condo with 241 units, 39-story apartment tower with 454 units, a 32-story hotel tower with 155 rooms, 16,700 square feet of commercial space, 13,150 square feet of restaurants, a 4,600-square-foot café, and a marina with 78 dry stack slips and 12 wet slips. There would be 1,582 parking spaces. Amenities would include a pool deck, a spa, a hotel ballroom, a co-working center, a game room, a lounge, a party room, a fitness center and a kid’s room. Cymbal will choose a luxury hospitality brand for the condo, apartments, hotel and marina. Arquitectonica designed the project. Cymbal DLT will be the general contractor. Cymbal will break ground on the first apartment at Raintree Riverwalk Residences in June 2023 and the second phase six months later. Construction of the Nautica project in the first or second quarter of 2024.
 
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23
Nov 2022

Hotel Mixed Use Project Approved

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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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