Traverse City -
Speaking of Traverse City's Warehouse District and the Hotel Indigo, there was news a few months ago that another (yet unannounced) national hotel chain is eying property directly adjacent to Hotel Indigo, along West Grandview Parkway, for a new "luxury" hotel. Catching up a little to get this thread up to speed... this article summarizes it well -
Quote:
National Chain Eyes Warehouse District For New Luxury Hotel
Craig Manning | The Ticker
August 1, 2020
A new luxury hotel could be on its way to the Warehouse District in downtown Traverse City. Local developer Patti Mercer of Mercer Group LLC tells The Ticker that she has been working alongside a management group affiliated with “a major hotel brand” to assess a three-parcel site on Grandview Parkway as the location for a new four-story, 126-room “upscale hotel.” Following a successful feasibility study, Mercer expects the project to move on to the financing stage in the coming weeks – with tentative plans to break ground as early as spring of next year.
The three lots in question – 207, 211, and 221 W Grandview Parkway – are located across the Parkway from the Open Space, between the Traverse City Tourism building and Hotel Indigo. Mercer originally acquired the parcels between 2014 and 2016, and worked for years to develop them into a 51-unit luxury condo development called Grandview Place. She ultimately dropped that plan and moved to sell the three parcels in a two-day online auction in January, but the maximum bid of $4.7 million fell short of the auction reserve price and the parcels remained unsold...
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Source:
The Ticker