The University of Virginia’s transformation of Ivy Road into a high-profile corridor off of Charlottesville’s tax rolls continues as work has begun on the construction of a new hotel and conference center. UVA Today reports that shovels overturned dirt on October 6 for the project which has a $130.5 million budget.
“This will be a crossroads for the University – and the University’s front door,” UVA President Jim Ryan is quoted in the story. “The hotel and conference center will play an important role as a place where people can gather and stay – prospective students and their parents; data scientists, faculty from the Law School can meet there with members of the Medical School faculty. This will be a bridge that makes the community stronger, bring worlds together in ways that are predictable and unpredictable.”
The structure is the second to get underway in the Emmet-Ivy Corridor that the University of Virginia Foundation has slowly been purchasing over many years to consolidate properties for major development. The other is the School of Data Sciences, which is also under construction. A future structure will house the Karsh Institute of Democracy.
Construction of the 214-room hotel is expected to be complete in the spring of 2025.
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