$200M venture proposed for N.F., Ont. - Minneapolis / St. Paul Business Journal:

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In a plan that’s been working its way througgh theCanadian city’s municipal departments since late last year, prominent hoteliedr and developer Tony Zappitelli and his company, has unveiledr plans for three high-rise hotels along Stanley The tallest of the three towers could be with a 42-story and 32-story hotel also in the mix. Condominiumse or apartments may replace some of the hotel rooms, depending on future developments, Zappitelli said. Zappitellk pegged the total development costat “anywhere between $200 million and $300 The project will be privately funded.
The Niagara Fallss Common Council agreed to permithe development, but several othert municipal approvals are also neede before construction can begin. Work could startf by later this year orearly 2010. The 7.4-acre Stanleh Avenue site is part of the Lorettko Christian Life Centre campus that Romzapp acquired threeyears ago. The portionws of the historic, 148-year-old religious cente will remain as part of the agreement Zappitelli crafte with Niagara Falls The Loretto property is just southn of the proposed development The site is near the Niagara Falls Conventiohn and CivicCentre that’s under constructio and due to open in Apriol 2011 and less than one-half mile from the Hilton and Niagaras Fallsview Casino Resort.
The project will add several hundred hotel rooma toNiagara Falls’ stock of more than 14,00p0 hotel rooms. Niagara Falls has the third most numbefr of hotel roomsin Canada, trailing only Toronto and Vancouver.