The Planning and Zoning Commission is considering a proposal to build a 96-room hotel and 100 units of housing at an existing narrow five-story office building at 24 Belden Avenue. The 44,000-square-foot office tower would remain as is, as well as the 30,000-square-foot ground level commercial space. The project is being proposed by local developer Jason Milligan of Milligan Realty. On the housing side, Milligan said, the apartments would be smaller with fewer amenities to make them more affordable for students and young professionals. Cost savings could be in the form of smaller cooking surfaces and Murphy beds, he said. Milligan said that the cost of the project is expected to be in the $30 million to $50 million range for both towers and that it could be two years before either project is open. Approvals, he said, are probably three months away.
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