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BALTIMORE- After three years of planning, two Baltimore developers plan to break ground this fall on a 200-room Four Seasons hotel and 106-unit, luxury condo complex along downtown's waterfront, according to the Baltimore Business Journal.
Larry White, a senior development director for Struever Bros. Eccles & Rouse Inc., said site work for the hotel and condo development at Harbor East has already begun, with full construction expected to be under way this fall.
The project, a joint venture between Struever Bros. and H&S Properties Development Corp., is slated to be completed within 30 months. Initial costs were estimated at $75 million, but are likely to exceed that figure, according to the newspaper.
The anticipated Four Seasons will be the second luxury hotel and condo complex in Baltimore City- with the Harbor Court the only one in that category now. The Ritz-Carlton Hotel Co. is also building high-end condominiums on Key Highway, but that project does not include a hotel. And Philadelphia developer ARC Wheeler LLC is scouting a site off Pratt Street downtown for a St. Regis hotel and condo project.
http://www.hotelbusiness.com/links/archive/archive_view.asp?ID=25341&search_variable=condo-hotel
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