![]() “The good news is that in light of the pandemic, the interest now has come back where people want to hopefully get beyond the challenges,” he said, regarding real estate investments. Troen said there are a number of ongoing conversations with potential development partners for commercial, residential and extended stay opportunities, declining to elaborate. “Not much activity took place in any direction last year.”Ī website dedicated to the Branson West development promotes expansive plans that call for residential and commercial properties in addition to entertainment, hospitality and health care facilities. ![]() “We have not had any submitted building permits for hotels at this time,” he said. Smith said the city hasn’t had any recent discussions with The Ridge at Table Rock Lake’s development group. However, a general contractor and architect is yet to be selected, he said. Troen said Miami-based DPZ CoDesign completed initial site concept plans for the project, which was designed by Wisconsin-based Architectural Design Consultants Inc. The plat was recorded March 17 by the Stone County Recorder of Deeds office, officials say. The Branson West Board of Aldermen approved a plat for the proposed hotel project late last year, said City Administrator Kenny Smith. The developer obtained the property through the Federal Deposit Insurance Corp., which acquired it by sealed bid years after the Indian Ridge plan failed in 2008, according to past reporting. He declined to estimate planned development costs for MD&D Investments. The Missouri Department of Transportation completed the intersection work in early 2019, Troen said. The proposed hotel comes three years after a groundbreaking ceremony at the Highway 76 intersection that MD&D Investments spent over $1 million to upgrade with a traffic signal and turn lane. “Given that it is just one and a half miles from the Silver Dollar City entrance and our property basically abuts it, it’s a great play,” he said. The project would occupy the development’s northeast corner at the intersection of Highway 76 and Ridge Crest Parkway, which leads into The Ridge, he said. If groundbreaking occurs this year, he said the hotel’s targeted opening is late next year or early 2023. Troen said he was unable to provide the possible hotel brands while negotiations continue for the project, which also calls for two retail or restaurant establishments on the 4-acre parcel. ![]() “Our hope is at some point this year, we’ll be able to break ground for this hotel,” Troen said, noting the project’s cost estimate is yet to be determined. Indian Ridge’s plan, which was in excess of $1.6 billion and plagued by financial and legal problems, never developed beyond roughly a dozen residential properties that were abandoned when members of the development team were sentenced with federal environmental violations and real estate fraud. The development sits on land that was the site of the failed Indian Ridge Resort project in 2008. The dual-branded hotel could open as soon as next year, he said.īrookwood Group has worked the past three years on behalf of MD&D Investments to secure investors and developers for the 810-acre development it has owned since 2014, according to past Springfield Business Journal reporting. Mark Troen, senior vice president for Brookwood Group, a national real estate development, planning and management consulting firm, said Colorado-based MD&D Investments LLC wants to build a 102-room hotel on a 4-acre parcel at the planned mixed-use development, The Ridge at Table Rock Lake. And the latest group is now looking to build a hotel at the site seven years after it acquired the land. Matt Troen: Officials aim to break ground for a hotel this year.ĭevelopers have long had big ideas for some 800 acres overlooking Table Rock Lake in Branson West.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |