Rock Hill, South Carolina, 25 miles south of downtown Charlotte, might soon see a dual-hotel project.

On Jan. 6, the Rock Hill Planning Commission recommended approval of a rezoning request from an entity tied to Fort Mill-based Primo Investments, the Charlotte Business Journal reported.

The hotel owner and developer, led by Hitesh Patel, aims to rezone 13.2 acres at 1505 and 1515 Riverchase Blvd., off Exit 82C of Interstate 77, for a project that will construct two hotels on the site.

The Rock Hill City Council, which has final authority on zoning, is expected to make a decision on Jan. 26. 

If the project comes to fruition, the first phase will be an 85,700 SF, 121-room hotel. The second phase will be a 59,300 SF hotel with 116 rooms. The first hotel is expected to be a Marriott-branded Residence Inn, and the second might be a Marriott-branded StudioRes.

Patel’s team is reportedly seeking a master plan-commercial zoning designation. This is designed to allow for a mixture of retail and office uses in a certain parcel or area based on a master plan approved by Rock Hill. The designation allows for some flexibility as the plans progress. 

Patel’s Primo Investments has an active hotel portfolio throughout the Charlotte market, especially in York County, with five hotels in Rock Hill alone. It also boasts two hotels in Fort Mill, two in Charlotte and one in Concord.

Cannon Hill Capital Partners has completed a $200-million recapitalization of 888 Broadway, with the addition of Global Holdings and Williams Equities as equity partners, according to published reports. The recapitalization reportedly was arranged by a Newmark team including Adam Spies and Adam Doneger.

Located in Manhattan’s Flatiron District, the 220,000-square-foot office building is anchored by Netflix, which houses its corporate offices there. The property recently underwent a significant capital improvement program, including a new lobby entrance and a rooftop terrace designed by Fogarty Finger. 

Fried Frank represented the partners in the structuring and negotiation of the $200-million recapitalization of 888 Broadway by Cannon Hill, Global Holdings and Williams Equities. The Fried Frank team was led by partners Michael Werner and Matthew Aldana and included partners Jonathan Mechanic, Janice Mac Avoy, Julianne Befeler and Richard Wolfe.    

Not long ago Pallidus had plans to build a a $443 million semiconductor plant in Rock Hill. The company was eyeing two buildings at 1786 and 1800 Overview Drive for not only the new plant, but offices as well. They were also looking to hire over 400 workers.

The Charlotte Business Journal reports the company pulled the plug on the project in October of last year and laid off 44% of its workforce and now the complex is back on the market. Avison Young’s Chris Loyd, Tom Tropeano and Henry Lobb are leading marketing efforts for the buildings, which are owned by Calare Properties.

Called Overview Center, the larger building is a 212,263-square-foot former manufacturing facility. It includes over 50,000 square feet of office space. The smaller building is a 74,934-square-foot building — which was constructed in 2021 — and includes 1,500 square feet of office space. The buildings are in Waterford Business Park near Waterford Golf Club.

Seattle Theatre Group, which owns and operates three local historic theaters, has paid $6 million for a 103-year-old Cornish College property.

Seattle Theatre Group bought the landmark Kerry Hall from the Cornish College of the Arts. The building, located at 710 E. Roy St., in Seattle’s Capitol Hill neighborhood, was built in 1921 and was the home of Nellie Cornish, the college’s founder.

“We are thrilled to be able to turn this special space over to Seattle Theatre Group, one of Seattle’s most respected arts institutions,” said Cornish Interim President Emily Parkhurst. “It was important to the Board of Trustees that the building remain in the arts community and that our founder, Nellie Cornish’s legacy be honored.” 

Seattle Theatre Group, which operates the Paramount, Moore and Neptune Theaters and an outdoor venue at Remlinger Farms in Carnation, will use the building to grow and expand its community-centered arts programming.