The City of Frederick's Department of Economic Development applied for and was awarded $350K in grant funding through the Department of Housing & Community Development’s Smart Growth Impact Fund (SGIF) Program to be used for the Downtown Hotel Project. The new SGIF is a funding program to catalyze activities that accelerate economic development, job production and smart growth in existing Maryland communities. The SGIF aims to improve the economic viability of “grey field development”, which often faces more barriers than sprawling “green field" development.
Funding from the grant will be used in part for consultative services with Jones Lang LaSalle and to assist with site control and pre-development/entitlement costs for the project.
The Downtown Hotel & Conference Center will be developed by Plamondon Hospitality Partners and located at the intersections of Patrick Street & Carroll Street, site of the old Frederick News-Post building. The project is expected to feature 207 guest rooms, 24,000 SF of meeting/ballroom space, on-site parking, a restaurant and rooftop lounge, among other amenities.
For more information on the project, visit the City’s Economic Development website.