New downtown Coral Springs development announces hotel chain for property


CORAL SPRINGS, FL – The chain of hotels planned for the new Cornerstone complex in downtown Coral Springs will be Hyatt Place, the project developer said on Wednesday.

Construction of the hotel – which will include a rooftop bar – will likely begin in 2024 as part of the office, residential and retail complex on the southwest corner of University Drive and Sample Road, said Rod Sheldon, chairman of Predeso Property Investments, which is developing the complex.

“The new Hyatt Place hotel will be the crown jewel of downtown Coral Springs,” Sheldon said in a press release.

The complex replaces the Coral Springs Financial Plaza which was demolished and is still being cleared.

The long-planned Cornerstone project is expected to launch new construction in the city’s downtown core and attract new businesses and visitors.

Construction on Cornerstone is expected to begin in the coming months with the resort’s 352 luxury rental units completed by early summer 2023.

Sheldon said the hotel will be developed by ADËLON Capital and managed by AD1 Management.

“We are delighted to welcome Hyatt Place Coral Springs as the next component of the Cornerstone mixed-use development,” said Kristi Bartlett, director of the Coral Springs Economic Development Office. “The inclusion of an upscale hotel with select services adds to the transformation of downtown and makes it a true Coral Springs destination.”

More local news from Coral Springs:

POLICE: Former underage baseball player arrested for suspected impaired driving in Coral Springs and injuring police officer

BUSINESS: “I haven’t given up on the vision:” Coral Springs developer has wanted to build four downtown fountains for 20 years

EDUCATION: Four Elders from Coral Glades High School in Coral Springs Win Prestigious Awards

IMMOVABLE: MAP: Homes sold in Coral Springs, May 14-21, including $ 880,900 home at Eagle Trace

follow us on Facebook and Twitter and register for FREE TAPinto Coral Springs E-News Alerts to be the first to read up on all things Coral Springs.

Download the FREE TAPinto app. Click here for AndroidClick here for iOS for the latest news, traffic / weather alerts and special offers.

Do you have a story idea? Looking to advertise? Email Editor / Publisher Leon Fooksman: [email protected].

Source link


Comments are closed.