Local CRE News: Negotiations underway for an Indoor Water Park Resort in Collier County
In an exciting reveal, Great Wolf Resorts is in the proposal stages of opening the first Great Wolf Lodge in Florida in Collier County. Located on Collier Boulevard (SR 951) off I-75, near Paradise Sports Complex and The Cove, it would entail more than 500 rooms for families and an indoor water park. Hunden Strategic partners, the firm hired for a market and financial feasibility study , ultimately came to the conclusion the development offered a unique edge to the services it would offer to guests and County incentives the hotel requested were reasonable.
The hotel development is expected to generate more than $5 billion in net new spending, $2.4 billion in net new earnings and more than 1,400 full-time jobs. The Great Wolf Lodge is requesting the county for $15 to $20 million and the overall construction and development costs of the project would most likely be close to $234 million.
Along with the sports complex, the Great Wolf Lodge is an exciting prospect for sports-minded families, both locally and regionally and would generate excitement and add growth to the local economy.
For future local CRE news, make sure to visit Trinity Commercial Group on LinkedIn and Facebook, as well as on the Trinity Website.
You May Like
Florida Unemployment Rate is Up, But So Are Job Opportunities
FLORIDA UNEMPLOYMENT RATE IS UP, BUT SO ARE JOB OPPORTUNITIES Florida has hit a record-breaking number of 500,000 jobs available, along with that, 40 counties have a greater number of job opportunities now than they did pre-Covid-19 pandemic! The highest job demands are for the following career paths: sales, consumer
Bahia Bowls
Welcome to Bahia Bowls! This Acai Café was founded in 2017 and continues to rapidly expand primarily because of its nutritional options and delicious menu. Due to the current health crisis facing our nation, consumers have an even greater awareness and appetite for healthy, grab and go, low contact food
Broker Story: Kim Daugherty
In this new series, we will be celebrating ten years of TCG by looking inwards to our brokers that have made these ten years so successful. Kim Daugherty is an Advisor with TCG. We interviewed her to get insight on her beginning at TCG, what sparked her interest in CRE