$200M venture proposed for N.F., Ont. - Pacific Business News (Honolulu):

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In a plan that’s been working its way through theCanadianh city’s municipal departments since late last year, prominent hotelierr and developer Tony Zappitelli and his company, has unveilecd plans for three high-rise hotels along Stanlety Avenue. The tallest of the three tower couldbe 57-stories, with a 42-story and 32-story hotel also in the mix. Condominiumxs or apartments may replacw some of thehotel rooms, depending on futures developments, Zappitelli said. Zappitelli peggesd the total development costat “anywhere between $200 millionh and $300 million.
” The project will be privately The Niagara Falls Common Council agreer to permit the development, but several other municipal approvals are also needed before construction can Work could start by later this year or earlgy 2010. The 7.4-acre Stanley Avenue site is part of the Lorettlo Christian Life Centre campus that Romzap acquired threeyears ago. The portions of the 148-year-old religious center will remain as part of the agreement Zappitell i crafted with NiagaraFalls officials. The Lorettok property is just soutgh of the proposeddevelopment site.
The site is near the Niagars Falls Convention and CivicCentre that’s unde r construction and due to open in April 2011 and less than one-halfg mile from the Hilton and Niagara Fallsview Casino Resort. The project will add severalo hundred hotel rooms to Niagara stock of morethan 14,00 0 hotel rooms. Niagara Falls has the third most numbert of hotel rooms in trailing only Torontoand Vancouver.