The report says the proposed redevelopment would cost $80million and would involve converting the 38-story Art Deco towerinto a hotel. A Hard Rock Café restaurant is proposed for a sitenext door, the report says.
Mark IV Realty Group bought the Carbide & Carbon Buildingthree years ago and has wanted to convert it into hotel space eversince. Plans to redevelop the site for Minneapolis-based RadissonHotels and Resorts fell through.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
