Rochester City Council voted Monday to approve a Rochester Economic Development Corp. application from a developer seeking $500,000 in state funds to redevelop the Cadillac Hotel on Chestnut St.
The council’s endorsement would allow the developer to seek the state funds, officials stated.
Mayor Lovely Warren wrote a letter to city council earlier this week, stating the project’s developer, named only as Chestnut Elm LLC, planned to turn the top six floors of the 90-year-old hotel into 56 apartments, and the two bottom floors into a lobby, and 2,837 feet of retail space.
Warren said the developer planned to market the apartments to students at the Eastman School of Music.
She asked the council to endorse the application, and said the total cost of the project would be $7.9 million.
Monroe County currently uses the hotel to house residents in need of emergency housing; however, a county spokesperson said the county would find another location to house emergency placements, if necessary.