FORT PIERCE — A 140-place Marriott-branded boutique” resort will be the hottest addition to the downtown King’s Landing project.
Audubon Enhancement has signed a letter of intent with Mainsail Lodging and hopes to crack floor on the hotel sometime early following 12 months, according to Audubon Advancement CEO and President Dale Matteson. Development could take up to two many years, he said.
“This resort is likely to be at a quality that Fort Pierce has under no circumstances noticed ahead of,” Matteson explained. “It’s a exclusive piece of land due to the fact it truly is nestled suitable following to a historic downtown and the historic Edgar Town neighborhood plus there’s a 250-slip marina ideal across the avenue.”
The $45 million deal brings the King’s Landing price tag to roughly $110 million.
Earlier was the website of the H. D. King Power Plant, King’s Landing will cover 7½ acres between Indian River Drive and Second Avenue in downtown.
In addition to the lodge, the venture features 60 condominiums, 12 person households, up to five restaurants and bars and 45,000 sq. toes reserved for enterprises.
The development is expected to generate $1.8 million in taxes annually and generate 750 employment, Matteson said.
The boutique lodge, according to Matteson, would have an “old-time sense” — a place where by company would gather for drinks in a significant lobby, and rooms would be modeled off Marriott Hotels’ Portfolio Assortment.
Incorporating nearby aspects of Fort Pierce, this sort of as yachting or fishing, would be another way to “add character and uniqueness” to the resort, a specialized niche method utilized in other Marriott hotels, Matteson reported.
For illustration, The Epicurean Lodge in Tampa — up coming to the five-star Bern’s steakhouse — exclusively draws in “foodies” with cooking classes hosted by cooks of regional connoisseur dining places.
Unique area elements of the Fort Pierce lodge are nevertheless currently being determined upon, according to Matteson. “There’s just so substantially information to perform with,” he said.
The hotel will reward the total city, not just downtown, Mayor Linda Hudson said.
“One of the issues that we’ve always lacked is a position for people to continue to be in downtown Fort Pierce,” reported Hudson. “This hotel will take benefit of the city’s features and draw in individuals to downtown restaurants, browsing and extra to increase profits as a complete for the city.”
The Metropolis Fee could evaluation and approve final web page plans as soon as its second meeting in February, Hudson said.
Building of King’s Landing is expected to start off later this calendar year, and will just take 4 years to full.
Some local places to eat, that have not still been disclosed, also will be growing to King’s Landing areas as well, Matteson claimed.
All 12 homes have been reserved, as have 43 of the of the 60 condos, Matteson said.
“We will probable be bought out by the close of February,” he explained.
Olivia McKelvey is TCPalm’s watchdog reporter for St. Lucie County. You can arrive at her at [email protected], 772-521-4380 and on Twitter @olivia_mckelvey.