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Sinclair, Sanger Bros. Projects Granted $5.3 Million IncentiveSinclair, Sanger Bros. Projects Granted $5.3 Million Incentivehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=102112015-04-24T14:54:00Z2015-04-24T00:00:00Z

The Sinclair owners plan to convert the 512 Main St. building into a 160-room Marriott Autograph Collection hotel.

The group that owns the Sanger Bros. building, which once housed Color Tile’s headquarters, plans facade and streetscape improvements, ground-floor retail, meeting and banquet space that connects to the hotel by skybridge, a spa, and potentially office remodeling, conversion of some empty space to house data centers, and conversion of more space for hotel services.

Under the agreement, minimum investment for the Sinclair is $32 million. Minimum investment for the Sanger renovation is $20 million.

Payments on the incentive would begin after the ownership groups complete the first and second phases, required by Dec. 31, 2017, and Dec. 31, 2018.

Dallas-Fort Worth-Arlington
Mixed-Use
http://www.fwbusinesspress.com/news/article_2312de42-e948-11e4-9a2f-9f5bd3c9d28d.htmlRead more at {Source}

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