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Hotel Developers See Big Rewards Potential in Latin America, an Underrated Hospitality Market
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Gaucho Group Holdings, INC Engages EDSA, INC to Develop Algodon Wine Estate s Masterplan and Seeks to Partner with Branded Luxury Name to Co-Develop Boutique Hotel and Residences
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The project has been in the works for nearly a decade, since the developer began assembling the land. Bradley Colmer, Deco Capital’s founder, said it has been “quite a process to get neighborhood buy-in” and get city approvals. Deco was also involved in yearslong litigation with a Sunset Harbour neighbor, Beach Towing, that has been resolved.
At this week’s meeting, commissioners also voted on first reading to pass an ordinance that would encourage more office development in Sunset Harbour.
Previous versions of Deco Capital’s project called for nearly a dozen condos with more retail space. Colmer said the current design has more outdoor space for ground-floor retailers, in addition to luxury office space. The developer is targeting finance and investment firms, family offices, tech firms and other companies for the office space. Colliers’ Stephen Rutchik is handling office leasing, and Sara Wolfe of Koniver Stern is leading retail leasing.