The developer is seeking to create a planned development area, a zoning designation that allows buildings to exceed the allowable height. A city official tells GlobeSt.com that the zoning commission tabled the decision and has not set a date on when it will reconsider the issue. "It's a question as to what will happen next," says the city official.
But Diane Pichotta, a spokesperson for the developer, tells GlobeSt.com that there are no plans to reconsider the project. "The project is what it is," she says. The building consists of 413,000 sf of residential space as well as 7,378 sf of ground floor retail and restaurant space and about 2,000 sf of office space. The total project cost is $115 million. Pichotta insists that the zoning commission tabled their decision because they needed more information.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.