What's Happening?
The old Holiday Inn property at 61 North Dorset St. in South Burlington is undergoing redevelopment. Currently, the site hosts Catamount East, which provides housing for UVM students and staff, featuring 83 apartments, including eleven permanently affordable units. Larkin Realty, the property owner, has received approval to construct a five-story hotel in the existing parking lot. Additionally, plans for a third building, likely to include more apartments and commercial space, are underway. However, as the property is privately owned, there is no set timeline for the completion of these projects.
Why It's Important?
The redevelopment of the old Holiday Inn property is significant for South Burlington's urban development and housing market. The addition of affordable housing units addresses local housing needs, while the new hotel could boost tourism and local economy. The commercial spaces may attract businesses, enhancing economic activity in the area. These developments reflect broader trends in urban planning and real estate investment, impacting community growth and infrastructure.
