Cadillac Hotel could go in new direction
By: David Riley
A downtown hotel that often has served as a temporary home for homeless people may become an apartment building.
Mayor Lovely Warren is asking City Council to endorse an application for $500,000 in state funding to help turn the Cadillac Hotel into 56 market-rate apartments.
The roughly 90-year-old, eight-story building is at the corner of Chestnut and Elm streets downtown, near the city’s Midtown redevelopment project.
In a letter to council this week, Warren wrote that the developer wants to turn floors two through eight into apartments, with six studios and two one-bedroom units on each floor. The first floor would include 2,837 square feet of retail space and a lobby.
The project would cost $7.9 million, according to the mayor’s letter.
“The opportunity to redevelop the Cadillac Hotel building would serve to further revitalize Chestnut Street and contribute to increasing vitality in the East End,” Warren wrote.
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