Home » Ongoing projects » Groundbreaking at The Marriott Courtyard Hotel, Gainesville

Groundbreaking at The Marriott Courtyard Hotel, Gainesville

The US$75 million Marriott Courtyard Hotel project construction in downtown Gainesville has begun. Capstone Property Group, LLC’s construction will have 130 rooms, a fitness facility, a board room, outdoor seating, and a bar. The hotel will be 77,000 square feet in size and will employ around 45 people. McKibbon Places, in collaboration with Capstone, will also construct a 157-unit apartment complex comprising one- and two-bedroom units. According to Capstone president Jonathan Collins, construction on the apartment tower will begin in a few months, although both components of the project are scheduled to be completed around the same time in 2023. Apartments are planned to cost between US$1,800 and US$2,200 per month, according to Collins, with target demographics including empty nesters and young professionals.

History of the Marriott Courtyard hotel Gainesville site

In 1964, the property housed First National Bank, which eventually became Regions Bank before being destroyed in June to make room for The National. In 1910, the property was home to the Gainesville First Baptist Church, which relocated to its current location on Green Street after being damaged by fire in 1960. According to Capstone chairman Jeff Payne, the National will repurpose most of the material from the existing bank building for the new project. They plan to recycle around 24.5 million pounds of concrete, 1.2 million pounds of steel, approximately 1,400 pounds of copper, and 1,141 pounds of aluminum.

Also Read: $121.5 M loan secured for the Waterfront Forté Tower in Florida

“This Courtyard by Marriott is genuinely a one-of-a-kind and bespoke hotel, rather than a cookie-cutter stamped out the template.” “The outside of the hotel is a modern and new design that blends glass, stone, and metal while discreetly nodding to the previously existing art-deco structure on the property,” stated Erik Rowen, president of McKibbon Places. Over the following 15 years, the project will get almost US$11 million in tax breaks from the city of Gainesville. The tax breaks were passed by the Gainesville City Council in September.

Leave a Comment