Scout Real Estate Capital, whose New York City offices are located on the 34th floor of Larry Silverstein’s LEED Gold-certified 7 World Trade Center, announced earlier this week that construction on a 5-star resort hotel in Bermuda’s Southampton Parish should commence in September after local officials approve the firm’s preliminary design plans. Scout has already commenced demolition of the Wyndham Beach Resort (which currently occupies the site) and is recycling reclaimed copper and concrete from the property. The firm intends to seek an unspecified LEED rating for the $300 million project, which should open up sometime in 2011, feature 150 guest rooms, and draw power from an on-site solar array.
July 22nd, 2008 | Stephen Del Percio | 0 comments | Continued