According to the City of Georgetown (Jan '08), The Summit at Rivery Park is in the zoning stage. Ground breaking and construction may begin as early as this summer.
The Summit development plans contain an eight- to ten-story hotel (320-420 rooms), conference center (accommodating 1500-2500 people), a six-story office tower, 2 upscale restaurants, four office condominiums, and parking garages.
The development is designed to keep the buildings' footprints as small and unobtrusive as possible. Building up, instead of out, will help to minimize the impact on the beautiful area along the North Fork and will keep urban "sprawl" at a minimum as well. Current zoning limits only allow a 45-foot vertical height, but an application to address this situation should be coming from the developers soon, if it hasn't already been been filed.
Renderings of the project were unveiled to the city in June by the LedgeStone Group.
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