Archive for April, 2009
That’s what everyone is asking… The short answer: deals are floating around but not many are willing to commit. I’ve got clients that are worried about the economy and they are in medicine!….a once thought recession-proof industry.
Honolulu, Miami & Palm Springs are all known for their swanky, high-end hotels. This year Savannah is cozy’d up with these cities on the Conde Nast Traveler 2009 Hotel Hot List. The must-visit hotels in the US are highlighted & includes the recently opened 151 room boutique, AVIA. (SEE THE LIST)
Demand at the Port of Savannah, thanks to its capacity and excellent efficiencies, has industrial developers from around the United States turning their sights on Savannah. This attention sparked a land grab over the last few years that, in 2007, resulted in the delivery of the first of several large distribution centers.
Thanks to improvements to the Panama Canal, larger cargo ships and the proposed deepening of the Savannah River to support them, volume will continue to grow. GPA’s capacity is planned to triple by 2017. This, combined with the potential Jasper County Port and improved logistics infrastructure, will bode well for these developments in the long run. A strong military presence (with announced local troop increases) and continued gains in tourism, higher education and local Industry will drive retail, office & residential projects over time.