Work could begin next year on the building of a new hotel at the current site of a parking lot in downtown Longmont.
Real estate developer Thrash Group, which is based in Hattiesburg, Mississippi, says it wants to build the structure on the northwest corner of Third Avenue and Kimbark Street.
The project has received a significant boost, owing to a recent vote by members of the Longmont Downtown Development Authority to enter into a purchase and sale agreement with Thrash.
As envisioned, the 5-story boutique hotel would house around 84 guest rooms; 2,000 to 4,000 square feet of commercial and meeting space; and up to 5,000 square feet of rooftop bar and restaurant space.
A parking deck will provide enough space for up to 140 vehicles.
Actual work on the $24 million project is expected to begin next summer, with a rough 2024 completion date.
Founded in 1986, the Thrash Group specializes in hotel, restaurant, condominium, and townhome development, among other project areas.
By Garry Boulard
