Although construction has yet to begin, progress continues to be made by the local development group now in charge of the long-stalled CityPlace Burlington project. As part of a request to use $275,000 in federal HOME Investment grant money, the group unveiled new plans for an eight-story affordable housing building to be located at 130 Bank Street.
In partnership with Champlain Housing Trust, this stand-alone building is a departure from the earlier concept that called for affordable housing units to be included in the two 10-story towers that will flank each end of proposed project. Brian Pine, director of the city’s Community & Economic Development Office (CEDO), spoke positively about the modified plans saying, “This is very positive, this is certainly greater progress in at least this part of the project coming to fruition, and I think that bodes well for the whole project.”
With an important construction deadline looming on September 30th, the city is actively exploring the possibility of extending the deadline to allow the project team additional time to finalize their plans. The city’s optimism towards reaching a mutually agreeable path forward was also echoed by Mayor Miro Weinberger who was quoted as saying “While this project, like any major development, still faces challenges, the new ownership team has made more progress in the last four months than in the prior four years.”
It is likely that another major announcement will be made before the looming deadline at the end of the month. For more information, check out the full article on Seven Days Magazine…
CityPlace Developers Move Toward Building Affordable Housing on Vacant Site | SevenDaysVT.com
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