Aksarben could get another development as plans are in the works for a 5-story Aloft Hotel at 62nd and Center Street.
The development calls for 120 parking stalls, pedestrian connections to improvements in the area and a conference center.
Two vacant buildings in the area will be knocked down to make way for the hotel.
The project cost $15,084,387 and the developers are asking $2,125,000 in Tax Increment Financing (TIF).
Some in the Aksarben area say the more the merrier when it comes to more projects in the area, "This is a place that's really a hotspot I feel like I'm going to be around here a lot more often so it's just good to see a like of good things coming," said UNO student Shae'kell Butler.
However other neighbors to this project say the area is starting to feel cramped, "We have way too many people in this small area and there's going to be more and more now," said Kelly Fleming.
While home values may rise, Fleming said so too will traffic, "In the morning and in the evening there's cars lined up heading out getting to center street."
The Omaha City Council votes this Tuesday under first round approval.