Singpoli BD Development, LLC acquired a 1.6-acre shopping center in Jan. 2016. The plan is to create a mixed-use development of a flagship hotel, with 165 rooms alongside a 60-unit residential condominium site.
Singpoli expects full entitlement by the end of 2017 with construction to commence in 2018. Total construction cost is estimated to be about $60 million.
The flagship hotel will house 165 rooms with average size of about 300 sq. ft. and feature a swimming pool and fitness facilities on its rooftop. The condos are for-sale units with a mix of 1, 2, and 3 bedroom units ranging in size from 900 to 1,500 sq. ft.
