After a delay of more than six years, developers now say construction is due to start in June on Hotel Van Zandt, a project that will rise 16 stories at Red River and Davis streets on downtown Austin’s eastern edge.
The 322-room hotel is being built at a cost of more than $90 million, with financing by Bank of America. The developer is JMI Realty LLC. San Francisco-based Kimpton Hotel and Resorts will manage the hotel when it opens in the first quarter of 2015, said Greg Clay, JMI’s chief investment officer.
The story you’re reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can also buy a 24-hour digital pass or 7-day digital pass.
Read MyStatesman.com now — 24-hour digital pass99¢ for 24-hours
Read MyStatesman.com all week — 7-day digital pass$3.99 for 7-days
Subscribe to the Statesman for as little as 33¢ per dayView Offers
For Subscribers: Register your account for digital access.Access Digital
For Subscribers: Sign in here if you have already registered your account.Sign In