The AC by Marriott hotel could break ground in the fourth quarter of next year, adding yet another project along the Columbia River waterfront.
“We’re working really hard to perfect the hotel,” said developer Rick Takach, whose company, Vesta Hospitality, also owns Homewood Suites on Columbia Shores Boulevard.
A preapplication document was filed with the city of Vancouver this week. The four-sentence project description said the hotel could have nine floors, with 160 rooms and parking spaces.
Takach said the final design and timeline depend on a number of factors, including the cost of labor.
“We’ll probably make some modifications after the preapplication meeting also but it’s really being driven by efficiencies in construction,” he said.
Construction costs are rising, which will influence the final size and design.
T1 Hotel, Takach’s company that will own the hotel, still has to sign a chief architect and a prime contractor. In August, T1 Hotel signed a 50-year lease, with two 15-year options, with the Port of Vancouver, which owns the property.
The AC by Marriott is so far the only new construction approved by the port at Terminal 1, its 10-acre mixed use development around the former Red Lion Hotel Vancouver at the Quay. The property is just upstream of The Waterfront Vancouver, where Gramor Development has four buildings underway.