Indianapolis-based developer Sun Development and Management Corp. is eyeing a late-summer groundbreaking related to a Rutledge Hill site long eyed for its The Printing House — A Tapestry Collection Hotel by Hilton.
In addition, new images have been released related to the project.
Aakash Patel, Sun vice president of construction, told the Post Friday the company will soon demolish the former Johnstone Supply building at the southwest corner of the intersection of Third Avenue South and Peabody Street. The address is 501 Third Ave. S.
Sun will serve as general contractor and is not disclosing the cost to undertake the project.
Previously, the company told the Post in late 2018 it was targeting a second-quarter 2019 groundbreaking. Patel told the Post in 2018 multiple factors — including finishing and opening three hotels — slightly delayed the start of on-site work. Then the pandemic continued the delay, he added.
The hotel (pictured) will offer 181 rooms and a corner retail/restaurant space at ground level. The building will rise 11 floors, with the Metro Development and Housing Agency Design Review Committee approving the design in April 2019 (see more images and read more here).
Sun Development, which paid $4 million for the 0.56-acre property in March 2017, has enlisted Nashville-based Civil Site Design Group to handle land development consulting, planning and civil engineering, and Indianapolis-based Ratio for architecture work.