The Canadian developer behind the $1 billion Everest Place resort and mixed-use district has filed a new master plan that would move one of the four resort hotels into the first phase, which also includes a mix of retail, medical offices and residential along U.S. 192 at the Western Beltway interchange.
The Everest Group of Companies has entered a joint venture with Dubai-based Shaza Hotels to develop a “conservative lifestyle resort” on the southern portion of the project with two hotels that will feature halal, vegan and kosher restaurant options. Designed to accommodate observant Muslim travelers and people of all faiths, the resort will also include a women’s club with spa services, private pools, a gym, a yoga studio, and a café.
Everest CEO Zafir Rashid told GrowthSpotter they hope to begin site development by July, but the opening date for the hotel and Phase 1 will be pushed back to 2024.
For the first time, Rashid confirmed the lineup of hotel brands and provided more details on the new Phase 1 Master Plan. He said the Phase 1 hotel will be a 163-room Mysk Hotel (operated by Shaza) with an adjacent 215-unit condo tower. The JV will build a Shaza hotel and more branded residences next door in a later phase. The resort will be an alcohol-free zone, but the rest of Everest Place will cater to all visitors.
“There’s been this narrative that the entire resort is Muslim-friendly, but that’s only a small part of it,” Rashid said. “There’s lots of exciting things happening. We’re creating a large entertainment district. I can confirm that we have a 200-room Nickelodeon hotel with a Cyrstal Lagoon and we’ve signed a term sheet with Kempinski for the fourth hotel.”
European boutique hotelier Kempinski would operate the 5-star conference center hotel, which would be the company’s first U.S. location in its more than century-long history. The Preliminary Subdivision Plan submitted last October allows for up to 300 rooms with 20,000 square feet of conference and event space, plus 7,500 square feet of retail.
Rashid said the kid-friendly Nickelodeon hotel would likely be the second hotel to be constructed. The plan is to start at the north and south of the 217-acre project and work their way into the center. The Kempinski and Nickelodeon hotels would each have beaches on the swimming lagoon, and a portion of the lagoon will be open to the public.
Rashid said Everest Place also will have 120,000 square feet of medical uses, which includes offices and an orthopedic surgery center. The first 70,000 square feet will be constructed in Phase 1, and the building will be designed to allow for expansion to accommodate future growth. The first phase also includes four stand-alone restaurants, shops and a 5-story mixed-use building with structured parking, 18,420 square feet of ground-floor retail and 360 apartments on floors 2-5.
Everest Group will also be building a 4-lane, 1.1-mile spine road through the project that eventually will link U.S. 192 to Funie Steed. In Phase 1, only the northern and southern segments would be constructed, meaning the Mysk Hotel will be accessible only from Funie Steed Road until the road is completed.
The updated plan from Kimley-Horn shows a large retention pond in the northwest quadrant of the site, on what is identified as Parcel A on the PSP. That parcel would have entitlements for a 43,000-square-foot grocery-anchored retail center. Zafir said the drainage pond is temporary and that the shopping center will be developed in a later phase.
Christina Morris, executive director of the W192 Development Authority, said the most recent Phase 1 plan hasn’t been filed with the county, but the prospect of a 4-star resort hotel being moved into the earlier phase is welcome news.