The petition requests the rezoning of 5.2 acres from O-15(CD) (Office, Conditional) to N2-B(CD) (Neighborhood 2-B, Conditional) to allow the adaptive reuse of an existing extended-stay hotel into 138 multi-family residential units. The development will reserve 10% of the units as affordable housing for households earning 80% or less of the Area Median Income (AMI) for a period of 20 years. The site is located along Yorkmont Road, near S Tryon Street, and serves as a transition zone between commercial and residential areas.
This decision provides a critical housing option in an area identified as having insufficient housing supply, supporting the city's goals for neighborhood diversity and inclusion. The conversion of existing structures to residential use also contributes to the city's affordability and sustainability goals.