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Originally Posted by Flatiron
Any news on this one?
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This one is moving through the permitting process pretty quickly. There was a big update to the site plan on 09/12 and another permit related to the project filed on 09/08. I think the site plan will be approved relatively soon.
405 Colorado, 48 East and the two White Lodging hotels are also moving through the process with recent updates. But I think any project that hasn't already announced financing and started demo/site prep/construction is a candidate for the next cycle - whenever that is. Even though I think the projects I mentioned above will be approved relatively soon, none of them have financing as far as we know, and financing is starting to get more difficult to obtain. The ones that probably have the best chance of starting right away are the two White Lodging projects. That's based on their track record and the fact that they can finance their own projects which is what they did with the Aloft & Element hotel.