An upgrading and possible renovation of a modernistic downtown El Paso structure built in 1965 is on the verge of receiving significant city backing.
The multi-story building is located at 300 E. Main Street, and is attached via a garage to Hotel Indigo, which itself underwent an extensive renovation four years ago.
The Irving, Texas-based Summit Investment Group, which specializes in hotel acquisition and development projects, is signing an economic development program agreement with the City of El Paso designed to repurpose the structure.
According to city documents, the 220,000 square foot structure, which for decades served primarily as office space for lawyers, businesses, and government agencies, will be redeveloped as a mixed-use structure, with ground floor retail, offices, co-working spaces, and event space.
The project will also see the building on its second to thirteenth floors of eighty multi-family residential units.
Altogether, the building’s redevelopment, called “Project Trinity,” is expected to cost at least $12 million.
Classified as a Transit Oriented Development, the project is in line to receive around $3.2 million in city economic incentives.
By Garry Boulard
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