UPDATED: Friday, April 13, 2012 - 9:54am
COLLEGE STATION -- The Plaza Hotel in College Station will soon be getting a makeover after the lot has sat vacant for over a year.
The Plaza, which sits on the corner of Texas and University, has been abandoned since last June and fallen victim to vandals but the property's new owners are about to change all of that with a multi-million dollar face lift.
The preliminary plans indicate the tower will be renovated and the Plaza will house 600 apartment units as well as restaurants and retail stores.
College Station director of planning and development, Bob Cowell, says the renovations will benefit the city in more ways than one.
"That means a lot of construction jobs, that means a lot of permanent jobs when it's finished and it also means a lot of tax revenue and that's certainly good for us, the school district and the county. So it's good to see something go from really no productive use on the property to something that's going to be really productive."
Cowell says construction is expected to begin early this summer and says it could take a couple of years to complete because the construction will most likely be done in phases.