Cancelled...
https://www.bizjournals.com/twincities/ ... thrie.html
800 Washington Ave S (Guthrie Ramp liner parcel)
Re: Hyatt Centric - 800 Washington Ave S (Guthrie Ramp liner parcel)
Damn it. I figured it might be coming, since it was approved long ago but hadn't started yet, but now that parcel is going to sit empty for years again.
Joey Senkyr
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Re: Hyatt Centric - 800 Washington Ave S (Guthrie Ramp liner parcel)
This was one of my favorite infill projects -- what a shame. What about the other contenders....is it too late to offer them the project?
Re: Hyatt Centric - 800 Washington Ave S (Guthrie Ramp liner parcel)
Probably not, but... the other contenders had also pitched midrise hotels. If Mortensen couldn't get financing for a mid-rise hotel on this site, I don't really see any reason to assume that Sherman or whoever would be able to.
Joey Senkyr
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Re: Hyatt Centric - 800 Washington Ave S (Guthrie Ramp liner parcel)
Maybe someone could come and pitch apartments or condos? A hotel would have been nice from a lot-filling perspective, but we're still in pretty serious need of more housing...
Re: Hyatt Centric - 800 Washington Ave S (Guthrie Ramp liner parcel)
Probably wise...the hotel market is getting a bit saturated...we are starting to see a race to the bottom on rates as hotels try to gain occupancy...particularly for future group business.
Re: Hyatt Centric - 800 Washington Ave S (Guthrie Ramp liner parcel)
It would be pretty great for someone besides Shamrock to build condos downtown.Maybe someone could come and pitch apartments or condos? A hotel would have been nice from a lot-filling perspective, but we're still in pretty serious need of more housing...
Joey Senkyr
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