FORT PIERCE — A 140-space Marriott-branded boutique” hotel will be the most current addition to the downtown King’s Landing challenge.
Audubon Advancement has signed a letter of intent with Mainsail Lodging and hopes to break ground on the resort sometime early following calendar year, in accordance to Audubon Improvement CEO and President Dale Matteson. Building could take up to two several years, he said.
“This resort is heading to be at a excellent that Fort Pierce has hardly ever observed ahead of,” Matteson said. “It’s a specific piece of land mainly because it is really nestled right upcoming to a historic downtown and the historic Edgar Town neighborhood plus there’s a 250-slip marina correct throughout the avenue.”
The $45 million deal delivers the King’s Landing selling price tag to around $110 million.
Previously was the web site of the H. D. King Ability Plant, King’s Landing will cover 7½ acres between Indian River Drive and Next Avenue in downtown.
In addition to the resort, the project includes 60 condominiums, 12 personal houses, up to 5 restaurants and bars and 45,000 sq. toes reserved for companies.
The development is expected to generate $1.8 million in taxes yearly and create 750 careers, Matteson said.
The boutique lodge, in accordance to Matteson, would have an “old-time truly feel” — a place exactly where visitors would gather for drinks in a substantial foyer, and rooms would be modeled off Marriott Hotels’ Portfolio Assortment.
Incorporating area features of Fort Pierce, such as yachting or fishing, would be another way to “add character and uniqueness” to the hotel, a niche tactic made use of in other Marriott hotels, Matteson said.
For instance, The Epicurean Lodge in Tampa — subsequent to the 5-star Bern’s steakhouse — particularly draws in “foodies” with cooking courses hosted by chefs of community connoisseur restaurants.
Distinct local features of the Fort Pierce resort are nonetheless becoming made the decision upon, according to Matteson. “There’s just so substantially content to perform with,” he mentioned.
The resort will reward the overall metropolis, not just downtown, Mayor Lihnda Hudson stated.
“One of the matters that we’ve often lacked is a put for men and women to stay in downtown Fort Pierce,” said Hudson. “This lodge will take benefit of the city’s facilities and attract persons to downtown places to eat, purchasing and a lot more to enhance revenue as a full for the metropolis.”
The Town Commission could critique and approve final website plans as soon as its second conference in February, Hudson mentioned.
Development of King’s Landing is predicted to begin later this yr, and will choose 4 yrs to full.
Some local dining establishments, that have not nonetheless been disclosed, also will be increasing to King’s Landing areas as effectively, Matteson mentioned.
All 12 homes have been reserved, as have 43 of the of the 60 condos, Matteson mentioned.
“We will possible be offered out by the conclusion of February,” he claimed.
Olivia McKelvey is TCPalm’s watchdog reporter for St. Lucie County. You can achieve her at [email protected], 772-521-4380 and on Twitter @olivia_mckelvey.
This short article at first appeared on Treasure Coastline Newspapers: $45 million offer bringing 140-place boutique resort to King’s Landing development in Fort Pierce