Developer Alluin Development, LLC has submitted a proposal to create a 150-room boutique hotel in Bloomington's Trades District.
Dimension Mill, Inc., a non-profit coworking and entrepreneurship center managing the development and marketing of the Trades District, received Alluin Development, LLC 's proposal for the hotel.
The proposed hotel would include 150 rooms, meeting spaces, a restaurant and bar. It would be built on Tract Three of the Trades District, on the corner of North Roger Street and West 10th Street.
There are still three tracts of land in the Trades District that proposals have not been made for. The prices of the tracts range from $560,000 to more than $2.5 million. Alluin Development, LLC paid roughly $1 million to acquire the land, according to John Fernandez, Senior Vice President for Innovation and Strategic Partnerships at Dimension Mill, Inc.
[Related: Bloomington Redevelopment Commission to sell land in Bloomington Trades District]
The Bloomington Trades District is a 12-acre portion of the Certified Technology Park — a 65-acre area with high-tech businesses, according to the City of Bloomington’s website. The Trades District is northwest of the downtown square.
The Bloomington Redevelopment Commission approved an agreement with Dimension Mill, Inc. to manage and market the Trades District's Tech Center. Former Bloomington Mayor John Fernandez will lead the development and marketing of the Trades District.
Fernandez said the idea of the boutique hotel will bring a lot of people to the district according to Indiana Public Media.
“We want to be very focused and targeted on the kinds of development we want to have happen that really does integrate into this kind of campus-like environment that we are seeking to create,” Fernandez said.
[Related: County Board of Commissioners approve convention center capital improvement board]
The city received a $3.5 million federal Coronavirus Aid, Relief and Economic Security Act grant in 2021 to build the Technology Center in the Trades District.
Fernandez said Dimension Mill, Inc. and Alluin Development, LLC still have to work through more details before presenting the project to the Redevelopment Commission for approval. Fernandez said the hotel could open as soon as fall 2025.
