A South Carolina developer is a step closer to building a new hotel in Jackson Ward.
The Richmond Redevelopment and Housing Authority’s Board of Commissioners on Wednesday approved a resolution allowing the agency’s director, Anthony Scott, to strike a deal to sell a vacant three-acre parcel it owns in Jackson Ward to Greenville, S.C.-based Windsor/Aughtry Company.
A final sale agreement is expected to be executed in the near future, according to a release from RRHA.
The developer has proposed a $17 million, 144-room Hampton Inn between Second and Third streets north of Jackson Street. The unsolicited proposal was submitted to RRHA more than a year ago.
Windsor/Aughtry President Bo Aughtry told the Richmond Free Press this week that the company was offering about $3 million for the property. The developer’s plan also calls for a second 123-room hotel to be built on the site at a later date.
The development is referred to as Jackson Place and would target visitors to the Greater Richmond Convention Center, the Richmond Coliseum, the VCU Health System and the Virginia Biotechnology Research Park.
A South Carolina developer is a step closer to building a new hotel in Jackson Ward.
The Richmond Redevelopment and Housing Authority’s Board of Commissioners on Wednesday approved a resolution allowing the agency’s director, Anthony Scott, to strike a deal to sell a vacant three-acre parcel it owns in Jackson Ward to Greenville, S.C.-based Windsor/Aughtry Company.
A final sale agreement is expected to be executed in the near future, according to a release from RRHA.
The developer has proposed a $17 million, 144-room Hampton Inn between Second and Third streets north of Jackson Street. The unsolicited proposal was submitted to RRHA more than a year ago.
Windsor/Aughtry President Bo Aughtry told the Richmond Free Press this week that the company was offering about $3 million for the property. The developer’s plan also calls for a second 123-room hotel to be built on the site at a later date.
The development is referred to as Jackson Place and would target visitors to the Greater Richmond Convention Center, the Richmond Coliseum, the VCU Health System and the Virginia Biotechnology Research Park.