The hotel site, located near Ben White Boulevard and EastRiverside Drive, is the first development for BDS Gatekeeper LLC, alocal company. A source familiar with the deal says the developeris pursuing a Microtel Inns & Suites for the site.

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"As of now, they're still working with the city to determineexactly how many rooms can go on that site," the source tellsGlobeSt.com. "It'll likely be 10 months or so before this projectbreaks ground." Once ground has been broken, the source estimatesan eight-month time frame for completion.

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Gay Ruggiano, a broker with Kucera Cos. in Austin representedthe buyer. Austin-based Zydeco Development, MetCenter's developer,used an in-house broker to negotiate the sale. David Sheldon,principal with Austin-based Zydeco Development, says that once thehotel is built, MetCenter will boast more than 700 rooms.

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In the meantime, Zydeco has just completed infrastructure forMetCenter's 350-acre second phase. In addition, the developer isnearing completion of a 150,000-sf flex building.

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Sheldon says that land sales, such as the one to BDS Gatekeeperand a 14-acre sale a year ago to a data company that will soonbreak ground on a building, are somewhat rare. Zydeco prefers tobuild its own product and typically leases the space. "If there's acorporate mandate or a company needs to own land to build on, we'lldo it in certain circumstances," Sheldon explains. "We'll also dobuild-to-suits for people who want to purchase them, too."

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