EL PASO, Texas--(BUSINESS WIRE)--EP Vida, LLC announced today that Jordan Foster has been selected to perform predevelopment services for its new four-star hotel and specialty retail center project in El Paso. The project fits into the scope of the Southern Industrial Park Land Use Master Plan at the El Paso International Airport.
“Our team at EP Vida has spent years working on this development and fine tuning the impact it will have on our region,” said William Correa, President of EP Vida. “The reputation Jordan Foster has in our community and nationwide is impeccable and we are thrilled that they have been selected to play a major role in the success of our project at the center.”
The development will feature a 220-room hotel with full service amenities. The adjoining retail center will be comprised of 80,000 square feet of space for specialty retail shops, restaurants, and both indoor and outdoor entertainment venues.
Jordan Foster Construction, LLC is the new entity created last August by the partnership of CF Jordan Construction, LLC and Franklin Mountain JFC, LLC. Engineering News-Record ranked CF Jordan Construction as the ninth largest hospitality contractor in the nation.
"This is an exciting project for the Master Plan at the airport," said Darren Woody, President and CEO of Jordan Foster Construction. "It's a great economic stimulus for El Paso. We're very enthused to be working with EP Vida in creating this four-star destination and venue."
The budgeted cost of the project is $42 million for the hotel property and $22 million for the retail component. Construction is scheduled to begin in 2014 and the property is scheduled to open in the fall of 2015.
About EP Vida
EP Vida is a development company of Paragon Project Resources. The company has experience in Program/Project/Construction Management, Engineering, Commercial Development and Information Technology Services extending to all areas of transportation (Airports and Mass Transit including light rail, heavy rail and commuter rail), highways and bridges, public works, and facilities within the federal, public, and private sector. The company maintains offices in California, Colorado, Florida, Louisiana, Maryland, and Texas.
About Jordan Foster Construction
Jordan Foster Construction is an award-winning construction company and one of the top-ranked general contractors in Texas. Multifamily Executive magazine recently ranked Jordan Foster Residential as the 7th largest Multifamily General Contractor in the nation. Engineering News-Record ranked the company as the 9th largest Hospitality General Contractor in the US. Jordan Foster Construction has offices in Austin, Dallas, El Paso, Houston and San Antonio. For more information, go to www.jordanfosterconstruction.com.
