The building has been vacant for years and was recently taken back by the owner Gary Cotton after ambitious plans for an event center collapsed.
The latest plans call for a boutique hotel with a rooftop pool partially cantilevered towards the canal and offering panoramic skyline views. Adjacent to the infinity pool would be cabanas and a bar and lounge.
There would also be a spa, cafe/juice bar and patio at canal level, a bar and lounge on the main level, and a 1,000 square foot presidential suite on the top floor.
There would be a total of 60 rooms.
