Almost four years after announcing plans for a major mixed-use project in the heart of Midtown, Clarksville-based Concord Hospitality Inc. plans to break ground on the project on Sept. 1.
The eight-story building — to anchor the northwest corner of West End and 18th avenues next to Hutton Hotel — will feature a SpringHill Suites and a Residence Inn (both Marriott brands and, combined, to offer 250 rooms), office space, retail (likely including a restaurant) and a 300-car parking garage. The project price tag is an estimated $45 million.
Dr. Anil Patel, Concord president, said a combination of factors (including the recession and his efforts to open last December his Sheraton Four Points hotel in Brentwood) resulted in the delayed construction start at the site, which was last home to a West End Lodge motel and a Civic Bank & Trust branch. Originally, Patel wanted to break ground by the end of 2008. (For background on the story, read here.)
“It’s been a long time coming but I move deliberately,” said Patel, who also works as a physician.
Concord will appear before the Metro Planning Commission Thursday to have the land zoned for the development. That step was already undertaken but needs to be redone given the amount of time that has since passed.
Patel said he has his general contractor (Sarasota, Fla.-based Kellogg & Kimsey), architect (Chattanooga-based River Street Architecture) and one engineering company (Nashville-based Littlejohn Engineering Associates) in place. He declined to disclose the name of the institution providing financing until he closes on his loan within the next few weeks.
POSTDATA: WARRANTY DEEDS