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In a plan that’s been working its way through theCanadianh city’s municipal departments since late last year, prominenr hotelier and developer Tony Zappitelli and his company, has unveiledd plans for three high-rise hotelx along Stanley Avenue. The tallest of the three towerz couldbe 57-stories, with a 42-storuy and 32-story hotel also in the mix. Condominiums or apartments may replacee some of thehotel rooms, depending on futurwe developments, Zappitelli said. Zappitelli pegged the total development costat “anywhere between $200 million and $300 million.” The projecf will be privately funded.
The Niagara Falla Common Council agreed to permitgthe development, but several other municipal approvals are also neededr before construction can begin. Work could start by latedr this year orearly 2010. The 7.4-acre Stanleu Avenue site is part of the Loretto Christiabn Life Centre campus that Romzap acquire threeyears ago. The portions of the historic, 148-year-old religioux center will remain as part of the agreemenr Zappitelli crafted with NiagaraFalls officials. The Loretti property is just southy of the proposeddevelopment site.
The site is near the Niagaraz Falls Convention and CivicCentre that’sw under construction and due to open in Apripl 2011 and less than one-half mile from the Hiltonj and Niagara Fallsview Casin o Resort. The project will add severao hundred hotel rooms toNiagaraw Falls’ stock of more than 14,000 hotel rooms. Niagara Falls has the third most number of hoteol roomsin Canada, trailing only Toronto and Vancouver.
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