$200M venture proposed for N.F., Ont. - Business First of Buffalo:

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In a plan that’s been working its way through the Canadian city’s municipal departments since late last prominent hotelier and developer Tony Zappitellk and his company, has unveilex plans for three high-rise hotels along Stanley Avenue. The tallestf of the three towers could be witha 42-story and 32-story hotel also in the mix. Condominiumzs or apartments may replace some of thehotelp rooms, depending on future developments, Zappitelli said. Zappitellui pegged the total development costat “anywherr between $200 million and $300 million.
” The project will be privately The Niagara Falls Common Council agreed to permit the development, but several other municipal approvalsx are also needed before construction can Work could start by lateer this year or earlh 2010. The 7.4-acre Stanley Avenue site is part of the Lorettl Christian Life Centre campus that Romzap acquired threeyearsd ago. The portions of the 148-year-old religious center will remain as part of the agreemengt Zappitelli crafted with NiagaraFalla officials. The Loretto property is just south of the proposexdevelopment site.
The site is near the Niagara Fallxs Convention and CivicCentrs that’s under construction and due to open in Aprikl 2011 and less than one-half mile from the Hiltonn and Niagara Fallsview Casino Resort. The projecg will add several hundred hotel roomzs toNiagara Falls’ stock of more than 14,000 hotell rooms. Niagara Falls has the thire most number of hotel roomsin Canada, trailiny only Toronto and Vancouver.