Posted Jul 7, 2011, 9:46 AM
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Midwest Moderator - Editor
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Join Date: Jan 2002
Location: Big Mitten
Posts: 31,740
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Quote:
Image courtesy of Strathmore Development Co.
Hotel back on for City Center II
By Melissa Domsic | Lansing State Journal
July 6, 2011
EAST LANSING - Developers of the City Center II project have gone back to their original plans for bringing Hotel Indigo to the multi-use complex.
Strathmore Development Co. recently finalized architectural plans for the 115-room, 85,000-square-foot hotel. Hotel Indigo is operated by InterContinental Hotels Group PLC, whose chains also include Holiday Inn, Holiday Inn Express Staybridge Suites and Candlewood Suites.
Hotel Indigo spokeswoman Mary Dogan said the hotel should open in spring or summer 2013.
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Strathmore President Scott Chappelle said he still hopes to start construction by the end of the year as he draws closer to finalizing financing for the $95 million project. Chappelle said he's evaluating options that include a loan from a large Midwestern bank he would not name and an investment fund to participate in financing and equity.
The development would span about 5.5 acres from Grand River Avenue and Abbot Road to Valley Court Park. Plans call for the hotel, residential units, offices, retail space and a performing arts theater operated through Michigan State University.
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He hopes to start demolition of existing buildings to make way for new construction in the fourth quarter. Work would take about 22 months to complete.
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