In March 2013, the City Council approved a proposal to convert an existing retirement living center at 555 Glenwood Avenue into a limited-service, business-oriented hotel, with 138 rooms. By April 30, 2015, the project had completed construction and received final approvals from the City. The operator is currently conducting employee training and a soft opening is expected in the next one to two weeks, with a formal grand opening ceremony occurring in late May or early June. More information about the project approval process is available on the project's webpage.