Guthrie Ramp Hotel Development - Hyatt Centric
Mortenson plans to construct a nine story mixed use building consisting of:
• 203-room Hyatt Centric hotel on floors 1-8
• Restaurant and bar on the ground floor at the Chicago Avenue corner
• Neighborhood retail on the ground floor at the Ninth Avenue corner
• Office space on the 9th floor leased to the American Academy of Neurology (“AAN”), along with outside terrace space
• Ability to add a 10th floor of office space in the future for AAN
• Parking for the hotel and restaurant available through the Riverfront Ramp
• Total development costs of $49.4 million
