Former French Quarter hotel to be razed, site redeveloped
A Toledo-area real estate firm announced Friday that the Holiday Inn French Quarter will be demolished and replaced with a multi-phase, mixed-use commercial center under the name of French Quarter Square.
River Rock Property Group, LLC issued a news release Friday saying it has completed the purchase of the former Holiday Inn French Quarter in Perrysburg Township.
River Rock expects the $25-30 million French Quarter Square development to create about 900 temporary construction jobs and at least 150 permanent jobs.
Demolition is slated to begin in a few weeks with new construction starting late summer and the first businesses opening in spring or summer 2021. They will likely include retail stores, restaurants, hotels, medical facilities, and offices and present a mix of local businesses and national and regional chains, the company said.
“Despite the economic uncertainty created by the COVID-19 pandemic, the interest we have received from businesses has been tremendous. Right now, we have enough interest to fill the available space in French Quarter Square at least twice over,” said Mike Denman, co-founder of River Rock.
The hotel at 10630 Fremont Pike closed in the spring of 2019. It was sold by Bennett Enterprises, which operated the hotel for 52 years.
“We are thrilled that this property has been acquired by a quality developer. We are excited about being neighbors to a development that will be a jewel not only for Perrysburg Township, but for all of northwest Ohio,” said Rob Armstrong, CEO of Bennett Enterprises.
Bill Bostleman, River Rock’s other co-founder, praised the site’s proximity to the I-75 interchange, access to a traffic light, and the intense commercial activity along Perrysburg’s Route 20 corridor.
Posted By: The Blade on May 29, 2020. For more information, please click here to read the source article.
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