Governor Peter Shumlin, along with representatives from the City of St Albans and Williston-based developer PeakCM, today unveiled plans for an 88-room hotel on Lake Street in downtown St Albans. The hotel is the final piece of a major redevelopment project that brought together public and private entities to revitalize downtown St. Albans, grow jobs, and expand economic opportunity in the region.
“This is a very exciting day,” Shumlin said. “When City leadership came to me four years ago with this ambitious vision to revitalize downtown St. Albans there were many obstacles in the way. Working together, we met those challenges and figured out how to turn vision to reality. Now four years later, we’re here to celebrate the progress we’ve made and the progress we’ll continue to make for the city of St. Albans and the entire region.”
The city engaged in a rigorous process to recruit a developer and make a selection, retaining a hospitality consultant to demonstrate the need for a hotel and issued a competitive RFP to a select list of developers with hospitality experience and also to the general development community. Ultimately, PeakCM was chosen due to their experience and unique combination as both a developer and an operator.
PeakCM has constructed many buildings associated with the new investment at Jay Peak and Q Burke. The St. Albans hotel project is expected to be completed by August of 2016. With headquarters in Winooski, PeakCM joins a list of Vermont-based companies that have been a critical part of this project, including ReArch, White + Burke, SD Ireland and St. Albans Glass.
The new hotel project follows the official opening last month of a new state office building in downtown St. Albans. That project saw Mylan Technologies acquire from the State of Vermont a facility on Houghton Street to accommodate future job growth and expansion in St. Albans. Nearly 140 State employees from several different agencies who previously worked in Houghton Street facility will now move into the new Federal Street facility.
“The hotel and the office building are symbiotic development projects, infusing economic activity into our downtown and complementing our many restaurants and shops,” said City Manager Dominic Cloud.
Source: ST. ALBANS - February 17, 2015 – Governor's Office