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Members of the Arlington County Board are expected to allow another developer to temporarily convert apartment space for hotel use next month.
The developer of the 809 unit property at 1555 Wilson Blvd. asks permission to use 100 residential units as hotel space from late summer. Eventually, the units would return to their originally intended purpose.
Moving to temporary hotel use has become a more common option for apartment and condominium developers in recent years as it allows for increased cash flow in the early stages of the lease or sale. For the district government, hotels are a money cow that generates significant income.
County board members are expected to announce a public hearing on the matter in April on March 20.
The apartment project is located on 2.7 acres in the western part of Rosslyn and is being built in conjunction with a new fire station and park. The hotel units would occupy the fifth to ninth floors of one of the two residential towers.