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.
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