Skip to main content Skip to footer

Colliers' Gainesville office

alt=""

Gainesville City Commissioners Set To Hear New Proposals To Develop Lot 10

With a new Hyatt Place hotel set to begin construction in downtown Gainesville in January 2022, many have turned their attention to Lot 10, a nondescript parking lot in the city’s center that has stirred the emotions of city officials, local business owners, and community members for nearly a decade.

City commissioners will once again consider development proposals for Lot 10 during their meeting on Thursday, said spokesperson Rossana Passaniti.

Located on 100 SW First Ave., across the street from Loosey’s, Lot 10 has seen numerous development plans come and go. More than 10 years ago, city commissioners approved the project known as Gainesville Green, which fell apart due to the 2008 financial crisis. Later, an agreement between the city and Atlanta-based developer Nim Patel to build a $56 million hotel was cancelled after his company missed deadlines to give the city $125,000 and file necessary paperwork.
 
Two years ago, Gainesville and EDA Consultants Inc., planned to buy the land with one goal in mind. They wanted to build a six-story, 136-room Hyatt Place hotel. That agreement failed, too.

While the plan to build a Hyatt Place hotel on Lot 10 was halted, the hotel chain did secure another site in downtown Gainesville, across from The Hippodrome Theatre.
A groundbreaking ceremony for the $32.8 million Hyatt Place hotel was held April 16. The development will include 145 guestrooms and 40 studio-loft apartments.

Mike Warrant of Gainesville-based AMJ Group Inc. and Magnolia Street Hospitality company is the principal investor in the Hyatt Place. Warren’s company has also submitted a bid to develop Lot 10, he said.

Recently, when earlier plans to develop Lot 10 failed, Colliers International, a real estate agency was hired by the city to receive proposals.

The expectation at the highest and best offer, would be “retail, office, hotel or a hotel/condominium,” said Rory Causseaux, associate director of Colliers.

Erik Bredfeldt, the city’s economic development director, currently manages the contract with Colliers International. He said he has been involved in this project for the last five to six years and wants to see something finally come together.

“It will help develop the economy,” said Bredfeldt, as well as “activate downtown Gainesville and serve as an employer.”  

Local business owners who are most likely to be impacted by the development of Lot 10 have also watched proposals come and go since 2007. [But] Some local business owners have concerns about hotel development in downtown Gainesville.

Read more: HERE 



Related Experts

Dan Drotos

Executive Director

Gainesville

As the Executive Director of the Gainesville office for Colliers, Dan leads the firm's presence in Alachua County and the surrounding sub-markets by providing commercial real estate solutions for his clients. His team specializes in commercial and land transactions (sales & leasing) including office, retail, industrial, and multi-family. With well over 100 years of combined local knowledge and service, they strive to continuously raise the bar for their clientele. 

Prior to joining Colliers International, Dan served as Vice President of the Commercial and Land Division at an independent firm in Gainesville where he was a partner in The Drotos Ryals Group. His team has successfully transacted over $1 billion in local (Alachua County) commercial real estate. Dan holds both a Master of Science in Real Estate (MSRE) and Master of Building Construction (MBC) from the University of Florida along with multiple professional designations, including Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtors (SIOR). He also also serves in several industry, civic, and non-profit organizations such as: The Urban Land Institute, Ronald McDonald House of North Central Florida, First Federal Bank of  Florida, United Way, and Leadership Gainesville.

View expert

Rory Causseaux

Director

Gainesville

Rory graduated from the University of Florida with a degree in civil engineering and has spent the past 35 years in Gainesville as a professional consultant in the land-development industry. Shortly following his graduation, Rory founded CHW Professional Consultants. Serving the company for the last 30 years, Rory’s roles shifted from Vice to President, to CEO and later to Founder. Under Rory’s leadership, the company grew from 13 employees to 85 employees and increased its gross revenue to well over $10 million.

 As a professional engineer, Rory has worked on thousands of projects within Alachua County and the southern United States. Having worked with numerous owners and developers on single-family, multi- family, commercial, retail, industrial and institutional uses, Rory has discovered a uniqueness to each property and project after having worked in such a diverse market of land development. Rory’s engagement and leadership doesn’t stop there, he is well known in the Gainesville community for his roles in many different organizations, some of which include Rotary club of Gainesville Sunrise (President), Climb for Cancer Foundation (Board Member), Builders Association of North Central Florida (BANCF) (past Associate Vice-President), American Heart Association (2018 Heart Walk Chair) and Gainesville Chamber of Commerce (Board Member since 2013, Chair of The Board 2017, currently Immediate Past-Chair).

View expert

Lauren Edwards

Associate

Gainesville

Lauren, being born and raised in Gainesville, is extremely familiar with Gainesville and its surrounding areas. She graduated with an Associate Degree in Psychology from Santa Fe College. However, Lauren soon realized her true passion in real estate and has not looked back since. 

Lauren continuously demonstrates her value as a commercial real estate professional in Gainesville and brings top customer service to her clients. Aside from her in-depth knowledge of the Gainesville area and insight into the commercial real estate market, Lauren has a firm understanding of landlord and tenant requirements and has built a sound network of both landlord and tenant client relationships. These attributes help her meet the needs of her clients in a timely and efficient manner. Lauren’s attention to detail, communication skills and creative solutions have served her well to become a well-respected member of the GNV Commercial Advisory Team. She continues to gain a broad range of experience in commercial real estate, including landlord representation, tenant representation, lease negotiations, investment properties, and corporate real estate projects.

View expert

Mike Ryals

Executive Director

Gainesville

Mike Ryals has been the dominant name in commercial real estate in the Gainesville marketplace for over 25 years. Mike has handled in an excess of over a billion dollars in commercial real estate transactions with clients ranging from individual local business owners to large corporate clients such as Walmart, Taco Bell, Dukin Donuts, UF Health/Shands and many others.

As a fourth generation Floridian who has always lived in Gainesville, Mike knows the market well. He first entered real estate in 1978 and quickly grew to love the business, becoming the company’s top producing agent in 1979. He has consistently retained this level of success throughout his career.

Mike became a broker in 1980, opened and built his own real estate company in the mid 80’s, sold his company to Bosshardt Realty in 1986, and has served as Senior Vice President of the Bosshardt Commercial division until his recent transition to Colliers where he will serve the team behind the scenes in an advisory capacity.

View expert