Land in Palatka Sold for New Hotel, Marks Latest Development in Riverfront Revitalization
SHP Hospitality LLC bought two blocks of land on St. John’s River in Palatka for $169,000, with plans to construct a Hampton Inn. Palatka city commission authorized the sale of 1.69 acres on 100 Memorial Parkway block near the St. John’s River and riverfront Thursday. SHP also plans to have space in the new construction for restaurants and other businesses. This is the latest development of the Palatka riverfront revitalization project that has been in the works since 2009. According to the St. Augustine Record, the city paid $3 million for the property, which previously housed a multi-story federal housing project that the city tore down.