Developer gets green light to start Threefoot Building construction
After a two-year wait, the transformation of the downtown Threefoot Building into a Courtyard Marriot hotel will finally begin.
“The hotel will consist of 135 rooms, a meeting room, a restaurant, and a bistro. We’re going to have Starbucks,” said John Tampa, President and Co-Founder of Ascent Hospitality.
Construction will start within the next 30 to 45 days, and the project will take approximately 18 months to complete.
“We will have close to 1,000 square feet of retail on the main road. We don’t know what we’re going to do with it yet,” said Tampa.
The transformation of the historic office building will cost upwards of $22 million. Ascent Hospitality purchased it from the city for $10,000 back in 2015. The development company said it has spent months securing federal and state approval to build on the landmark.
“Most of the exterior will be preserved. In the interior there are several areas, and all the existing flooring and marble will be maintained,” said Tampa.
The company, however, hopes to not inconvenience residents by shutting down 22nd Avenue.
“Right now, we’re meeting with the building department to see what will be our best option. We really don’t want to shut down that,” said Tampa.
He added that the hotel will be a great addition to downtown and will supplement the Mississippi Arts and Entertainment Experience.
“I think the project will generate more taxes. It will provide more amenities and will employ more associates.”
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