Barron Collier, Hilton weighing downtown hotel idea
Barron Collier Companies and Phoenix officials are mulling development ideas - possibly a hotel - for a two-acre parcel downtown that is now a parking lot near the massive office and retail development, CityScape, at First and Washington streets.
A spokesman for Barron Collier, Jay Thorne, said Hilton Worldwide officials have been exploring the idea of building a hotel on the property, but nothing is firm at this point, Thorne said
Before the recession hit, the site was marked for condo towers.
"Now, the market isn't interested in condos, and not so much in office " space, Thorne said. "But the hotel industry is still looking at downtown."
Business leaders have said Phoenix could use more downtown hotel options to accommodate an increase in visitor traffic tied to the Phoenix Convention Center's expansion, a $600 million project which was completed two years ago that tripled the convention center's space.
CityScape's developer, RED Development, is building a $90 million boutique Palomar Hotel, which will be managed by Kimpton Hotels. The hotel is expected to open in 2012.
- Emily Gersema, firstname.lastname@example.org
Nothing new in this article compared to the Business Journal story a few days back, but it's good to see speculation/discussion on the project.