Sarah McKenzie

Ivy Tower developers shift to condos

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Why build offices no one wants to rent? New 22-story condo/hotel complex would surround historic rehab

Plans to wrap a small "boutique" hotel and a 22-story condo tower around the historic Ivy Tower are moving forward.

Real estate investors Jeffrey Laux and Gary Benson, owners of the historic tower at 1115 2nd Ave. S., envision a 124-room hotel and 90-unit condo complex on the block. The rook-shaped Ivy Tower would remain intact and become part of the hotel lobby.

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