Across the country, there’s a trend toward downtown revitalization and urban living.
Midland is no exception. A large group of young professionals working in the oil and gas industry desire an urban lifestyle, and the new $100 million Santa Rita Hotel in downtown Midland is being created in part to meet that interest.
“Similar to much of the US, there is an unmet urbanization demand in the city,” said Robert Watson, CEO of San Antonio-based Bond Partners, one of the developers of the Santa Rita Hotel, along with Overland Partners and Arup. “We had the opportunity to create a city center with this project, a true amenity for the city of Midland, and a catalyst for living and working downtown.”
This 17-floor boutique hotel will offer residential, retail, and office space. The mixed-use development also includes around $20 million in public improvements, like the redevelopment of nearby Centennial Plaza and construction of an underground parking garage with 467 spaces.
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