LLC

By Glynis Crawford Smith

The Highlander

A set of new renderings of the proposed hotel/conference center in Marble Falls reveal a concept compatible with newest additions to the city landscape.

The new renderings come from Seaux Pierce Architecture of Austin, the same firm that designed Market on H, Smartie Pantz at 204 South Main Street and the new Homestead at Mormon Mill apartment complex on Max Copeland Drive.

“They had been asked to look at exterior features on the hotel/conference complex to make sure it was compatible, that it looked historic,” said Christian Fletcher, executive director of the Marble Falls Economic Development Corporation.

Fletcher said the project's private partner, Novak Cobalt Partners, LLC, was so pleased with the work done and its timeliness that Seaux Pierce was brought on board as architect for the entire project.

BY GLYNIS CRAWFORD SMITH/THE HIGHLANDER

The Marble Falls Economic Development Board of directors on Wednesday, Aug. 3, committed $6.2 million to the $25.3 million waterfront hotel conference center agreement with Novak Cobalt Partners, LLC.

The action came after approval of the formal term sheet between the EDC and the developer for a 90-year lease of property between Lakeside Park and the Hampton Inn. The lease, with a purchase option after three years. Specified is a $200,000 annual lease payment, as well as an additional rent payment of 25 percent of annual room revenue exceeding $2 million.

Through a long process of EDC and stakeholder meetings and public forums, the project has evolved to the statement that became part of Wednesday's agreement for: “a select service level resort hotel of approximately 150 keys and adjacent full-service conference center, restaurant and bar” (approximately 16,000 square feet on two levels).