EUGENE, Ore. - One of Eugene's landmark shopping areas is about to see an $11,000,000 addition. The 5th Street Market is unveiling it's new hotel project.
With massive scaffolding in place, the work is about to begin on the "Inn at 5th," with big cranes being moved in next week.
The owner of the 5th Street Market, Brian Obie, says he got the idea for an upscale, boutique hotel when watching the success of the "Inn at the Market" in Seattle at Pike Place.
"I've been aware that the 5th Street Market is the number one visitor destination in Eugene," Obie said. "So you kind of put 2 and 2 together and connect the dots."
Obie said despite the sluggish economy, he believes people will be willing to pay a little more to stay at the Inn at 5th because of amenities like fireplaces, butler closets and hi-definition television.
Sharah Madrone, who owns Gervais Solon and Spa at 5th Street, is excited about the new hotel which will rise above her salon. "Teaming up with a high-end boutique inn like this one will be a perfect combination for guests wanting to come and stay there to be able to get services as well," she said.
Obie believes the current economic situation is one reason it's a good time to build.
"We're going to employ 50 to 100 people, and we'll support that many families this winter," he said.
For Obie, it's great to be part of that. "It's a feel good situation for the community and maybe it will spark some other things," he said.
The inn is expected to be open next summer by the middle of July. Rooms will go for about $175 to $200 a night.