1/4/2024 0 Comments Observer game old hotel![]() With a total price tag of $35 million, the transformation won't come cheap. ![]() "It has the potential of being the next version of Uptown in terms of urban revitalization." Hamilton predicts the 237-room hotel will serve as a catalyst for business at the nearby convention center and the entire neighborhood. " is really a gritty place that's starting to emerge," he says. ![]() The building is scheduled to reopen in the summer of 2016 as the Lorenzo Ascend Hotel, which Hamilton describes as "boutique" but not "luxury," with rates "well below what the Omni's are." It will also provide a much less desolate link between the Cedars and downtown by putting decent sidewalks and bike lanes along Akard Street and lining it with public art. Earlier this year, the longtime caretaker moved out as crews began asbestos remediation. Developer Larry Hamilton, after nine years of trying, is moving forward with plans to rehabilitate the property. Michael Przekwas, an eight-year resident of the Cedars, says it has been a magnet for vagrants, "kind of a place that the criminal element broke into constantly" and a roadblock to the type of development that has transformed the neighborhood from a derelict industrial district into a destination.Īll of that's about to change. The beige monolith was charmless when it opened as a Ramada Inn in 1972, and it has aged with all the grace of a chain-smoking Florida meth head, who actually might be more pleasant to live next to. The second thing you notice is how ugly it is. Gazing south from the upper floors of City Hall, the first thing you'll probably notice is the shell of the old Plaza Hotel rising 12 stories just across Interstate 30. ![]()
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