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Local News - Local News - September 27, 2012
Peppertree hotel developers toss in towel on long-stalled project
Hoteliers list long-stalled project site on Division for sale for $2.5 million

By Mike McLean
Of the Journal of Business

Rita and John Santillanes, owners of the highly visible quarter-block lot at the northwest corner of Division Street and Third Avenue where a hotel construction project has been frozen in its initial stage for nearly four years, have decided to give up on the project and put the property up for sale.

The 36,680-square-foot parcel, located at 2 W. Third, near the Division Street entrance to downtown from Interstate 90, is listed for $2.5 million.

Rita Santillanes says...


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