|Amarillo Globe-News, Texas|
Knight Ridder/Tribune Business News
May 14, 2004 - Matt Brosovich said he has landed a major hotel to anchor his Broso Valley Park, the new business park next to the Shiloh Road interchange on the West End.
A Butte-based developer of the hotel, a Wingate Inn & Suites, could begin construction as early as August on the hotel featuring more than 100 rooms, a water park and convention facilities.
Brosovich, who is an agent with Prudential Floberg Commercial, said bringing in the hotel was part of the plan.
"Our key focus this year was to get ourselves a large, reputable hotel," he said. A hotel would draw traffic and set the character of the rest of the park.
Brosovich is vice president of the business park and one of the owners of the land, which the Brosovich family bought it in the late '90s.
Getting the hotel is "the key to the corridor," said Mike Oliver, an agent also at Pruden-tial Floberg Commercial.
The 108-acre business park is bounded by Interstate 90, Zoo Drive, Gabel Road and Hesper Road. The 54 lots range from about two-thirds of an acre to nearly seven. Advertised prices include special improvement district costs and range from about $150,000 to $1.6 million.
Five of the largest lots front the freeway, and Gabel Road, which curves along the western edge of the park, is expected to become a major route for traffic between Interstate 90 and the King Avenue West retail area.
Broso Valley Park has been open about six months. Qwest has built the current technology backbone, and Connect Telephone & Computer Group will be doing the internal infrastructure, Brosovich said. It's a high-tech business park, but the goal is not to attract just high-tech companies, nor will it be all office buildings.
"We'd like to see some retail, something along the lines of hotels, restaurants," Brosovich said.
The Brosovich family is not in a rush with Broso Valley Park. The aim is to create an appealing gateway to the city, and they have the resources to carry it out and ensure that it becomes a quality development.
In April, there were deals working on six prime lots. Brosovich said one deal in progress is with an "established Billings retail outlet," but he could not provide more details.
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(c) 2004, Amarillo Globe-News, Texas. Distributed by Knight Ridder/Tribune Business News.