“We’re building the hotel,” said David Thurman, a principal of Los Angeles-based Foch Investments/Development, which is developing the project. “We have signed agreements with St. Regis.”

A St. Regis Hotel & Residences will be built, with 150 guestrooms and 70 – 80 condo units above that.

A zoning request to permit a higher building height and to extend the land by 100,000 sq. ft. was declined, however, by the Dallas City Planning commision.

Regardless of this denial the development team hopes to begin soon and have the project completed by 2010.

That way, the new project will be ready for the 2011 NFL Superbowl game, to be held at the new Dallas Stars football stadium in Arlington, TX.

Even with the economic downturn and a decrease in consumer spending, it looks like many projects continue to spring up across the country. The new St. Regis being just one of many.

Read the entire article at The Dallas Morning News.

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