The Best Western Hotel at 2014 W Colonial Drive [GMap] in Rock Lake is in the process of (maybe) being converted into affordable housing.

Paperwork filed with the City of Orlando by SL Capital Group calls to convert the 110-room hotel into a new attainable housing apartment facility.

The 2.79-acre property is currently zoned AC2, which currently only permits 40 dwelling units per acre. SL Capital Group is requesting a Master Plan review to allow for the conversion of the hotel into low-income/affordable housing while modifying some of the design criteria requirements.

The project calls for the rehabilitation of the existing structures and even would keep the popular restaurant Taste of Chengdu in place.

The pitch reads, “The objective for this project is to provide the Orlando market with a residential product that a typical worker making 60% of AMI rents or less can afford (using the metric of rent being no more than 1/3 of a tenant’s income). The affordable housing will be compatible with existing adjacent residential uses, all of a lesser density, in that the existing run-down commercial and very transient use will be converted to a residential use where residents will have minimum twelve (12) month leases (rather than occupants paying for rooms by the night) and providing affordable housing in a location where such housing is sorely needed.”

The project is scheduled to be read by the Municipal Planning Board on August 19, 2024.

Editor in Chief of Bungalower.com

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