X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BRUNSWICK, GA-Liberty Harbor LLC, a subsidiary of Cleveland-based WWW Holdings Inc., has signed a letter of intent with Chicago-based Hyatt Corp. to manage a 210-room, $110-million hotel. The property is slated to open in 2008 at the planned $1-billion, 110-acre Liberty Harbor mixed-use resort.

Terms of the management contract were not disclosed in a prepared statement from WWW chairman and CEO Gary Waxman. “There is an enormous opportunity and potential here to develop one of the largest available waterfront properties on the East Coast,” Waxman says

Groundbreaking of the project’s first phase, which includes the hotel and 500 condominiums, is tentatively set for spring 2006. The hotel itself is scheduled to break ground in third quarter 2006 and be completed in first quarter 2008. The previously planned groundbreaking for the entire project was in November. The project has been in the development stage for the last five months.

Liberty Harbor plans include a total 1,800 condominium homes in twin towers and smaller, mid-rise structures; a 350 wet-slip marina; an undetermined amount of retail, entertainment and restaurant space; a town center; a boardwalk; 15,000 sf of meeting and convention space; and a public riverfront park, as GlobeSt.com previously reported. The projected price range of the condos are $450,000 to more than $1.2 million. Waxman says 800 buyers already have made reservations to purchase the condos.

The redevelopment site, along the Intracoastal Waterway, was once home to the Jones Shipyards where the Liberty and Victory Ships that helped win World War II were built and launched. Formal sales begin in January.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.