After months of delays, construction has started on a new $45 million development at the site where the old Plaza Hotel in College Station was imploded last year.
The Northpoint Crossing project is a year behind schedule because of delays including financial problems.
The development will feature apartments, restaurants and retail.
We've called developer Woodridge Capital to get more details on the delays, but we do know that securing financing for the project took longer than expected.
In a month or two we'll start seeing the Northpoint Crossing luxury apartments come to life.
The dirt is finally moving at the corner of University Drive and Texas Avenue.
It's been nearly 10 months since the former 17-story Plaza Hotel came down with a crash to make way for something new.
The $45 million Northpoint Crossing will include 307 apartment units and 920 beds, and two parking garages.
The first floor will be 50,000 square feet of restaurants and retail.
Cherry Ruffino is a Realtor with Coldwell Banker United Realtors across the street and was glad to see the Plaza eyesore go down.
She is surprised by the delays.
"And so we were disappointed that nothing had happened yet, and the development down the road got ahead of us, and we didn't' think that that was going to happen," said Ruffino.
May 24th will mark a year since the Plaza came tumbling down. Redevelopment was supposed to start soon after that.
Some of those delays included securing financing, finding a contractor and staying within budget for developer Woodridge Capital.
Lance Simms is an Assistant Director of Planning and Development Services for College Station.
"We have an approved site plan in. We also have a development permit which allows them to start moving dirt which you may have noticed out there. We also have the building permits approved," Simms said.
"We're very excited about that," Cherry Ruffino added.
The first phase should open by summer of next year.
Utility work is scheduled to start in the coming weeks.
Phase two of the project will include an additional 300 apartments.
That should open in 2015.
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