Photo by Alexandre Silberman/VTDigger
UPDATE: The developer behind the CityPlace Burlington project now says they are back on track thanks to a proposed financing agreement with a new lender. According to the latest update from majority partner Brookfield Asset Management, construction is set to begin again around May 6th, with an initial occupancy timeline of March-May, 2021.
Elected officials in Burlington have responded with a mixed reaction to this new development (pun intended), but are encouraged by the naming of a specific date that construction will begin once again. Developer Don Sinex indicated in an email that once construction begins again this coming May, he fully expects that “the project will run smoothly to a full completion.”
Once completed, CityPlace Burlington will feature a mix of retail, commercial and residential offerings in the space that used to be occupied by the downtown Burlington Town Center. What is still unclear, however, is what kind of housing will be included in the $220 million project.
Let’s open up discussion below about what kind of housing you’d like to see in the new CityPlace development. Be specific in terms of details like square footage, rental vs. purchase, monthly rent, sale price, HOA dues, amenities, etc…