Developer previews affordable ownership plan for 231 Elm Street
20 West Development presented plans to renovate the existing nine‑unit Appalachian Hotel property at 231 Elm Street, add a second story (without increasing unit count) and pursue a development agreement to permit vertical additions on a nonconforming footprint; council agreed to a December 8 work session for detailed staff review.
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20 West Development introduced a proposal to renovate and add a second story to the existing nine‑unit property at 231 Elm Street, saying the project would increase unit size and livability without raising the total number of units. The applicants said they aim to provide affordable homeownership opportunities through a shared‑equity model, targeting roughly 90%–110% area median income for some units.
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