Author Topic: Hyatt Place Tower Preparing to Break Ground in Downtown  (Read 4227 times)


edjax

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Re: Hyatt Place Tower Preparing to Break Ground in Downtown
« Reply #31 on: September 12, 2019, 07:32:04 PM »
Anything happening on this?

Kerry

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Re: Hyatt Place Tower Preparing to Break Ground in Downtown
« Reply #32 on: September 13, 2019, 10:53:09 AM »
Anything happening on this?

Rats - saw an update was made to this thread and thought something was happening :)

From a developer perspective, the City closed and is tearing down The Landing and spending $260 million about a mile down the road at Lot J.  If it was your money wouldn't you revaluate your project?
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Captain Zissou

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Re: Hyatt Place Tower Preparing to Break Ground in Downtown
« Reply #33 on: September 13, 2019, 11:41:10 AM »
Anything happening on this?

Rats - saw an update was made to this thread and thought something was happening :)

From a developer perspective, the City closed and is tearing down The Landing and spending $260 million about a mile down the road at Lot J.  If it was your money wouldn't you revaluate your project?
I agree, but they also have a contractual obligation to build something on that site, so tough noogies.

Kerry

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Re: Hyatt Place Tower Preparing to Break Ground in Downtown
« Reply #34 on: September 13, 2019, 11:57:41 AM »
Anything happening on this?

Rats - saw an update was made to this thread and thought something was happening :)

From a developer perspective, the City closed and is tearing down The Landing and spending $260 million about a mile down the road at Lot J.  If it was your money wouldn't you revaluate your project?
I agree, but they also have a contractual obligation to build something on that site, so tough noogies.

Might be cheaper to just pay the exit penalty.
Third Place

Steve

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Re: Hyatt Place Tower Preparing to Break Ground in Downtown
« Reply #35 on: September 13, 2019, 12:05:00 PM »
Anything happening on this?

Rats - saw an update was made to this thread and thought something was happening :)

From a developer perspective, the City closed and is tearing down The Landing and spending $260 million about a mile down the road at Lot J.  If it was your money wouldn't you revaluate your project?
I agree, but they also have a contractual obligation to build something on that site, so tough noogies.

Might be cheaper to just pay the exit penalty.

No one was coming into Jacksonville and getting a hotel to go to the Landing. Now, to have a meeting at an office building? That's a different story. While it certainly will look more depressing without the landing, I'm not sure it changes hotel occupancy numbers, especially since Hyatt Place and Indigo share a price point and the Indigo project was killed with VyStar's purchase of the building.

vicupstate

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Re: Hyatt Place Tower Preparing to Break Ground in Downtown
« Reply #36 on: September 13, 2019, 12:19:41 PM »
Quote
No one was coming into Jacksonville and getting a hotel to go to the Landing.

I don't know about that. Eating at the highest-grossing Hooters in the chain would be on a lot of people's bucket list. 

On a serious note, they might have thought they could get a premium on FL-GA. Not hard to believe they would get it. One would think the city would tell them it was going away. 
"The problem with quotes on the internet is you can never be certain they're authentic." - Abraham Lincoln

Steve

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Re: Hyatt Place Tower Preparing to Break Ground in Downtown
« Reply #37 on: September 13, 2019, 01:32:14 PM »
Quote
No one was coming into Jacksonville and getting a hotel to go to the Landing.

I don't know about that. Eating at the highest-grossing Hooters in the chain would be on a lot of people's bucket list. 

On a serious note, they might have thought they could get a premium on FL-GA. Not hard to believe they would get it. One would think the city would tell them it was going away. 

They still have the Florida-Georgia traffic. Every hotel downtown is jammed full that weekend at any price.

bl8jaxnative

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Re: Hyatt Place Tower Preparing to Break Ground in Downtown
« Reply #38 on: September 14, 2019, 10:31:29 AM »
Anything happening on this?

Rats - saw an update was made to this thread and thought something was happening :)

From a developer perspective, the City closed and is tearing down The Landing and spending $260 million about a mile down the road at Lot J.  If it was your money wouldn't you revaluate your project?

No competent hotelier would've been factoring an empty The Landing in their plans.   A handful of shops being used to launder money isn't scientifically known as an attraction.

tufsu1

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Re: Hyatt Place Tower Preparing to Break Ground in Downtown
« Reply #39 on: September 14, 2019, 06:41:47 PM »
^ source please