Location: 824 Railroad Avenue, Tallahassee, FL 32301
Owner: SUMMIT HOLDINGS XV LLC | Mountain Shore Properties
Design: Moore Bass Consulting, Inc.
ETA: March 2018
Value of Improvements: $13,000,000.00
Description: Proposed for three parcels totaling 1.93 acres near the corner of Railroad Avenue and Gaines Street is the demolition of existing structures and the construction of a new 6-story, 86,000 SF 124-room hotel (1,000 SF reserved for retail). The project also involves the construction of a 125-space parking lot, and 25 bicycle parking spaces. The property is zoned UV (University Urban Village) and is located within Tallahassee’s Multi-Modal Transportation District. The property sold in December 2015 for $1,959,000.00.