Crosland Southeast, the developer of the $80 million, 60-acre Main Street Oak Ridge project, announced Thursday that Atlanta-based MDC development group, through its affiliated company Canterfield Hotel Group LLC, will build a new 120-room hotel at the site. The hotel brand has yet to be determined, and feasibility studies are ongoing to determine which brand would best complement the Oak Ridge community.
“While pursuing ‘best in class’ operators for the hotel component within Main Street, it quickly became apparent that Canterfield was a natural fit,” said James Downs, Crosland Southeast partner. “Not only do Win Porter and his team have years of hospitality development experience, they have also already successfully developed the highly regarded Canterfield Retirement Community in Oak Ridge, so they are familiar with the community. We are delighted with Canterfield’s decision to continue investing in Oak Ridge.”
Oak Ridge Mayor Warren Gooch said that this announcement for the property is an exciting milestone, and he’s looking forward to more details about the development in the near future. [Read more…]