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Agenda: Edina - Hotel to Affordable Housing Conversion - Late Dec. 2024

Edina City CouncilSunday, March 16, 2025
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Transcript
[Music] welcome to agenda Edina a program summarizing the actions taken at City Hall that affect you most I'm your host dorothia Marty big changes are coming to wannab din's oldest hotels the Marriott Residence Inn located at Edinburgh way and 78th Street will soon be converted into affordable apartments Alpha Investment Group plans to transform the 133 Hotel into a 136 unit apartment building the conversion will focus on maximizing what's already there with no major expansions to the building the only site changes will be adding Landscaping along Edinburgh way and 78th Street to improve screening for the parking lot originally built as part of the mixed use Edinburgh development it opened as a corporate-owned Hawthorne Suites with 142 guest units today the hotel has 133 guest units seven Studios 119 one bedroom and 7 two-bedroom units the plans to create three additional Apartments includes repurposing a storage unit and separating spaces previously combined during an earlier remodeling project Alpha plans for the new apartments to be what's known as naturally occurring affordable housing monthly rents are projected to be 1,1 00 for studios and 1,250 for one-bedroom units we're excited from the standpoint that we can deliver rentable units in a very quick way where we're not waiting years and we don't got funding delays and all the stuff you would associate with a project that's going to be affordable to a lot of people right in the immediate Southdale area that come in here for employment work on the project is scheduled to begin soon Alpha hopes to make the units available for rent and move in by mid2 25