150-bed hotel deal moves ahead in Bloomington’s Trades District with OK from redevelopment group

Sometime in the second half of 2026, a new 150-room upscale hotel could be open for guests in Bloomington’s Trades District north of 10th Street, just across from the parking garage.

That’s if all goes according to the plan laid out in a letter of intent (LOI) signed by Alluinn IU Trades District Hotel and Pure Development. The idea is for Alluinn/Pure to construct the hotel, at a cost of $35 million, on land to be purchased for $1.2 million from the city of Bloomington, through its redevelopment commission (RDC).

Approval of the LOI came at Monday’s regular meeting of Bloomington’s RDC on a unanimous vote. RDC member Sue Sgambelluri voted “an enthusiastic yes” and RDC president Deb Hutton gave it “a definite yes.”

Bloomington mayor Kerry Thomson was on hand to lend her support from the audience. About the proposal, Thomson said, “I think it brings a unique anchor to the Trades District.”

Thomson continued, “My vision of a fully active B-Line corridor that goes from Trades all the way down to Hopewell, that’s alive at every hour of the day.” Thomson added that she thinks the hotel will “magnetize” the Trade District. Continue reading “150-bed hotel deal moves ahead in Bloomington’s Trades District with OK from redevelopment group”

MHG ups ante to compete for hotel project in Trades District, Bloomington’s RDC puts off decision for now

It still seems likely that some kind of boutique hotel will be developed in the Trades District. But on Monday night, uncertainty emerged about who the developer will be.

On Monday’s agenda for Bloomington’s redevelopment commission (RDC) was a resolution to approve a letter of intent with Pure Development to build a $35-million, 150-room boutique hotel in Bloomington’s Trades District.

But at the RDC’s 5 p.m meeting, John Fernandez announced that two and a half hours earlier, around 2:30 p.m., he had received an updated offer from a different developer—MHG Hotels.

So Fernandez asked the RDC members to put off a decision on the resolution that appeared on that night’s agenda, and to direct him to go back and negotiate further with the three developers who have made offers on Tract 3 of the Trades District to build a hotel there.

The RDC heeded Fernandez’s request.

Fernandez is vice president of innovation and strategic partnerships for The Mill, which is now responsible for the marketing and promotion of the Trades District, which is located north of city hall. Continue reading “MHG ups ante to compete for hotel project in Trades District, Bloomington’s RDC puts off decision for now”

Bloomington RDC to weigh Pure Development hotel proposal as best of 3 choices in Trades District

A letter of intent with Pure Development to build a $35-million, 150-room boutique hotel in Bloomington’s Trades District could get approval from the city’s redevelopment commission (RDC) on Monday.

The non-binding letter of intent with the Indianapolis firm appears on the agenda for Bloomington’s RDC at its regular Monday meeting, which is set for 5 p.m. at city hall.

The tract to be purchased by Pure Development for $1.02 million is one of four that were put on offer in summer 2023.  The four tracts are north of Bloomington’s city hall, and make up part of the 12-acre Trades District, which is a portion of the city’s larger 65-acre certified technology park.

The land to be purchased by Pure is Tract 3, which is just west of the new technology center, which is currently under construction and now branded as The Forge. Continue reading “Bloomington RDC to weigh Pure Development hotel proposal as best of 3 choices in Trades District”