The hotel will be located on just under an acre of vacant property on the north side of Elm Street stretching from Illinois to University Avenues. About 60 percent of the rooms will be extended stay suites and developers plan a coffee shop on the ground floor as well. Today's Southern Illinoisan has the story. This story the day before provides a bit more information.
The Carbondale City Council approved the sale of the .9617 acre lot to Sai Krishna LLC of Carbondale last night. Closing is to take place within 30 days and be "substantially" complete within 18 months.
The council sold the property at a bargain price of $75,000 which is just $1.79/sq. ft., significantly less than commercial property on the eastern outskirts of the city. However securing a quality hotel in the heart of the city has long been a part of the community leader's plans for decades and even predate the current city hall structure.
The land includes a parking lot, a vacant lot and a half-block city alley. It's immediately south of PK's bar in the 200 block of South Illinois Avenue.
An earlier story quoted city officials on the demand for a hotel.
Carbondale Assistant City Manager Gary Williams said the city had a hotel feasibility study performed in 2013 and found that it would be a favorable and economically feasible project.
Williams said when the project was complete, the city garnered interest immediately. He said the location on West Elm between University and Illinois avenues is a solid location.
“It is positioned a little over a half mile from SIU and it is less than that from SIH,” he said. “Those are two of the biggest demand generators in our region.
At Tuesday's council meeting Curtis Conley, who is both manager of PK's and president of the Carbondale Music Coalition, strongly supported the hotel. Ditto for Southern Illinois Healthcare President Rex Budde who said the development would benefit the hospital.
The development company Sai Krishna LLC registered with the Secretary of State's office earlier this year on March 6. The state lists Pradeep Reddy of Carbondale and Naresh Patel of Harrisburg as managers with Reddy also serving as the LLC's agent of record.
A few years ago Reedy and his wife donated three acres of land for the region's first Hindu temple at 1209 E. Walnut St. and has served as president of Hindu Temple and Cultural Society of Southern Illinois. Patel operates the Comfort Inn and Super 8 hotels in Harrisburg.
The new lodging development comes after a rash of much needed older hotel/motel demolitions in Jackson County.
The old Best Inns of America motel, last operating as the Unicity Inn east of the University Mall has recently made way for a new IHOP restaurant that broke ground in April. Developers paid $875,000 for the tract which will also include, "3,000 square feet for another “fast-casual” themed restaurant and 10,000 square feet of retail."
The city is also working on demolishing the former Horizon Inn, originally the city's first Holiday Inn, on Main Street. The city took ownership of the three parcels for around $2,000 and is looking for a develop who will demolish the building and redevelop the land.
In Murphysboro, the Southern Illinoisan reported yesterday that the Apple Tree Inn at the intersection of Routes 13 and 127 in Murphysboro has a new owner. The motel closed earlier June 1 following a foreclosure sale earlier in the day by the Jackson County Circuit Clerk. Joe Koppeis of Columbia, won the auction with a bid of $125,000.
Koppeis is the owner of the Holiday Inn in Sparta, the real estate company Admiral Parkway Inc., four shopping centers, hardware stores and a Domino’s franchise throughout Southern Illinois.
Murphysboro Mayor Will Stephens said he has been in contact with Koppeis, but knows there aren’t any concrete plans. He said Koppeis is commissioning a few studies to determine what would be the most feasible for the location.
Although Stephens is in the dark about what may be coming, he said the developer does have plans to demolish the building.