LifeByTheBeach

Brevard County will be home to a new Hyatt Hotel in Downtown Melbourne

Posted on: August 14, 2011

Rendering of hotel project planned for space next to City Hall

I recently read about this project in the “Hometown News” and I had to share because this is the first I have heard about it… a Hyatt Hotel to be built in downtown Melbourne! According to the article, the “Hyatt Place and City Centre” will be an eight-story, 137-room hotel built on Strawbridge Ave, across from the Melbourne City Hall complex. The site of the hotel is the area that was previously planned for the condo development “The Lofts of Melbourne”, which fell through when the market fell. The hotel project, which is estimated at $22 million, will include a separate 20,000-square-foot office building next to City Hall. The hope is that the hotel will attract an influx of business-oriented visitors, accommodate more tourists, and create new jobs. And because Hyatt Place will not have a restaurant, hotel guests will visit the surrounding downtown businesses for dining and shopping.

Planners of the project say that the Hyatt Place and City Centre will be completed in about two years if all goes according to plan. Melbourne’s housing and community development director explains that if the numbers are correct, at 60 to 65 percent capacity, the hotel will generate $9 million in local economic activity for Melbourne. The developer is hoping to have most of the details finalized by the end of this year, so the project can continue to move forward.

This is great news for the continued revitalization of downtown Melbourne! Let’s hope it all works out as planned!

You can view the full article at: http://www.myhometownnews.net/index.php?id=83631

Whether you are buying or selling, it would be my pleasure to represent you!  Please call or email me today to review your real estate needs!

Contact me, Carolyn Smith at:

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