Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Downtown Housing topic
No spam. Unsubscribe anytime.
Redevelopment commission approves sale of former LaSalle Hotel for $4–5 million redevelopment
Summary
The Hammond Redevelopment Commission unanimously approved a purchase agreement to sell the former LaSalle Hotel at 5264 Hohman Ave. to Hammond LaSalle LLC; the project is described as a $4–5 million conversion to 24 residential units and two ground-floor commercial spaces.
The Hammond Redevelopment Commission voted unanimously Tuesday to approve a purchase agreement selling the former LaSalle Hotel at 5264 Hohman Avenue to Hammond LaSalle LLC.
Commission staff described the approval as the second procedural step in the sale. The project was presented as a $4 to $5 million investment that would convert the property into 24 residential units, one- to two-bedroom layouts, with two commercial spaces on the ground floor. The commission approved the purchase agreement by roll call vote, five yes, zero no.
Commissioner Kubacki made the motion to approve and Commissioner Shelton seconded. No conditions or amendments to the purchase agreement were recorded in the meeting minutes. The approval advances the sale toward a future closing and development timeline, which staff said will return to the commission with any additional agreements or required approvals.
The commission took no public comment on the item during the meeting. The commission's next regular meeting was scheduled for March; staff and the developer may present further details at that time.
