/

|

A landmark redevelopment project is poised to reshape downtown Prescott’s skyline, as plans advance to reinvent the historic Old City Hall site into a sophisticated mixed-use development. The ambitious proposal, unveiled at a November 14th City Council meeting by Territory Holdings’ managing partner Steven D. Shumway, envisions transforming the 1.3-acre property at 201 S. Cortez Street into a modern urban destination.

The 2.2 million dollar property purchase by Stroh Architecture, will replace the 1962-era structure with a 75,000-square-foot complex featuring a boutique hotel. The development plans call for 70-75 rooms, complemented by restaurant facilities, meeting spaces, and retail areas. A modest parking structure providing 114 spaces will support the venue’s operations.