Another effort is underway to renovate the former Aksarben Suites hotel at 7270 Cedar Street. In 2021, a multifamily developer began the process of rezoning the closed hotel to high-density residential zoning, but progress stalled. This week, the Omaha Planning Board will review a Tax Increment Financing application for $3.5 million. The total renovation project will cost $21 million. The plan entails creating 197 studio units of 550 sq. ft. and 650 sq. ft. Rents would be $1,195 and $1,395, respectively. Construction is expected to begin this July and end by August 2026. – Isaiah Ang
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