Adaptive Reuse Project Will Convert Sterling Heights Hotel Into Residential Accommodation
A Los Angeles-based developer renovating and converting vacant and struggling hotels into affordable housing developments has set his sights on Sterling Heights.
With one of these developments completed in Branson, Missouri, and another underway in Sheffield, Alabama, the Repvblik Company is bringing its Plato’s Cave residential developments brand to the closed Wyndham Garden hotel and convention center in Sterling Heights. The company announced its purchase of the vacant property for $ 5.25 million in late June.
The adaptive reuse of the property is expected to bring 155 studios and 53 one-bedroom units to Sterling Heights. An estimated $ 10 million redevelopment, Plato’s Cave Sterling Heights location will also include coworking space, a restaurant, fitness lounge, on-site storage and eventual retail space.
While exact numbers have not yet been released, the company is promoting the development as a project providing affordable housing, a term the US Department of Housing and Urban Development defines as occupants paying no more than “30% of [their] gross income for housing costs, including utilities ”- although it should be noted that Repvblik boasts of being an expert in adaptive reuse projects that do not use federal funding and tax credits .
“Sterling Heights is an extremely strong and attractive market with a strong demand for affordable and quality housing,” said Richard Rubin, Founder and CEO of Repvblik.
“Repvblik is proud to have the opportunity to bring our latest project here for the benefit of the community and the economy and to do so without the need for government funds or tax incentives. “
The redevelopment will transform the hotel’s 189 rooms into 157 residential units; a smaller building on the north side of the property will include 51 additional residential units. Amenities such as a residents’ lounge and coworking space will be located in the main building.
Exterior work, landscaping and modifications to the facade are also planned. Construction is expected to begin in late 2021 and residents will move in as early as the second quarter of 2022.
“We are delighted to [be] bringing much needed affordable housing to the Sterling Heights community and proud to develop this project in our home state of Michigan, ”said Chris Potterpin, director of Repvblik and vice president of PK Companies, LLC, based in Okemos, in Michigan, co-owner of Repvblik.
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