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Riverside Power Plant Redevelopment

Sponsor: Kessler Collection Management, LLC

Type of Development: Mixed Use Entertainment Complex

Owner: Kessler Collection Management, LLC

Cty and State: Savanah, GA

Contact Person: DJ Van Keuren

Phone: 720.984.1431

Contact Email: [email protected]

Allocation Amount Requested: $20,000,000

Brief Description of QALICB:

Development Summary
Address: 200-500 West River Street Savannah, GA 31401
Building Overview:
A redevelopment of the historic Georgia Power Plant Building into a waterfront mixed-use entertainment complex with hotel, food & beverage, retail and entertainment venue components
Construction / Opening: Q4 2015 / Q4 2017
Management: Kessler Collection Management, LLC
Number of Guestrooms: 422 oversized guestrooms, across five hotel buildings
Food and Beverage: More than a dozen food & beverage outlets, including a gastropub steak & seafood restaurant, brick oven pizza restaurant, African-themed bar, rooftop bar and wine tasting venue

Other Amenities: The mixed-use project will include over 22,000 square feet of meeting space, a luxury spa and fitness center, 4,000 square-foot outdoor entertainment venue, ±500-space parking facility, museum for kids, art gallery and a fully redeveloped riverside walkway, among many other facilities and amenities
Land Area: 3.79 acres, with over 1,100 linear feet of riverfront
Property located in a highly distressed and distressed area

But-For Statement:

NMTC required to finish capital stack requirement

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