Developer proposes mixed-use plan instead of hotel for Phase 4 downtown parcel
Dotson Development Group told council it no longer thinks a 55-room hotel is feasible because of higher interest rates and short-term rental growth; it proposed a mixed-use building with 4,000–8,000 sq ft of retail and 10–35 condos, keeping half the parcel as paid public parking during design and permitting.
The full story
Duke Dotson of Dotson Development Group told the Colonial Beach Town Council on June 18 that market conditions have altered the economics of a previously planned 55-room hotel on the Phase 4 waterfront parcel and proposed an alternative mixed-use development.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or