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Hotel planned for downtown Phoenix parking lot587Hotel planned for downtown Phoenix parking lothttps://www.phoenix.gov/econdev/inthenews/5878/13/2019 5:00:00 PM<div class="ExternalClass891C005F2AB64CB5915FDF6FBAA41369"><figure> <img src="/econdevsite/MediaAssets/EconomyUpdate/UPDATE-20190813-Hyatt-Place-City-Hall-Hotel.jpg" alt="Rendering of the 8-story Hyatt Place hotel" /> <div style="text-align:center;"><figcaption><em>Mortenson plans an eight-story, 24o-key hotel across from City Hall and the Orpheum Theater at Second Avenue and Adams Street in Downtown Phoenix, Arizona U.S.</em><br><span style="font-size:11px;">Image: Mortenson</span></figcaption></div> </figure> <div style="text-align:center;"><em>By Corina Vanek for Phoenix Business Journal</em><br></div><p><span style="font-size:15px;">A downtown Phoenix parking lot could soon be redeveloped into a hotel.</span></p><p><span style="font-size:15px;">Mortenson has plans to build an eight-story, 240-key hotel on the 0.6-acre parking lot on the northeast corner of Second Avenue and Adams Street, said Nick Wood, a partner at Snell & Wilmer who is the attorney for the developer. The hotel will be a Hyatt Place branded hotel.</span></p><p><span style="font-size:15px;">Wood said the project is already entitled for zoning for the hotel, and setback adjustments were recently approved. Now, the project needs site plan approval by Phoenix City Council before it can move forward.</span></p>​<br></div>https://www.bizjournals.com/phoenix/news/2019/08/08/hotel-planned-for-downtown-phoenix-parking-lot.html

 

 

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