The Jackson By The Beach. Ahh… that abandoned hotel which was recently on the market for $10 million. Well, I am hearing a new rumor that it has indeed been sold and will be soon be renovated. Into what? I have no idea, but a reliable tipster told me the following:
“I noticed a few workers outside the hotel about a month ago doing some surveying. They said someone bought the hotel and were going to renovate but I’ve seen very little activity since then.”
So what do you folks think? A new hotel? Condos by the sea? Apartments? A Peter Luger Steakhouse theme park? $10 million seems like a bargain for a giant building only a few blocks away from the Atlantic Ocean. The economy sucks, but if true, somebody with deep pockets just got themselves a heck of an investment.
For those who want a little peak at the inside lobby of Jackson, check out this post I did last summer: Inside the Jackson Hotel: A Photographic Journey All Jackson Hotel seabythecity stories ARE HERE.