Photo: Design for the new marina to be built.

For years the competition to land a boat slip on the Burlington waterfront has been cut throat. Developers Jack Wallace and Chuck DesLauriers decided to do something about it by planning a private 160 slip marina for late 2017 or early 2018. The two developers and the Burlington City Council have just come to an agreement on lease terms. They’ll have to pay the city $27,500 plus 5% of revenues over $565,000 the first year, and $55,000 plus 5% of revenues over $1,130,000 in subsequent years in order to operate the private marina on public land. Included in the marina would be a lengthy floating breakwater that would serve as a public walkway allowing pedestrians to walk a decent distance on to the lake. Many Burlington officials have been “on the fence” about this project for some time. However, everyone is now in agreement that the development will change Burlington for the better.

To read the full article: http://www.sevendaysvt.com/OffMessage/archives/2016/06/28/burlington-harbor-marina-gets-council-development-approval?utm_source=Seven+Days+Email+Newsletters&utm_campaign=2979e19a28-Daily_7_Tuesday_0628166_24_2016&utm_medium=email&utm_term=0_24eb556688-2979e19a28-296218281

For any of your real estate questions or concerns contact Steve Lipkin and the LipVT Team at Steve@LipVT.com or 802-846-9575.

Burlington City Councilors unanimously voted to send necessary zoning changes to the Ordinance Committee which would allow City Market/Onion River Co-Op to open up a 2nd store on the corner of Flynn Avenue and Briggs Street in the South End of Burlington near Oakledge Park. The main reason for opening another store in the same city is to alleviate the pressure in the busy downtown store which opened in 2002 and has limited parking. The co-op's general manager says they hope to break ground in June 2016 and open the new store in June 2017. The new store will be 1/3 larger than the downtown store and they expect $12 million in sales during their first year. 

Check out the full story on burlingtonfreepress.com: http://bfpne.ws/1OItvwh

Check out City Market here: www.citymarket.coop

We at Lipkin Investment Properties are very excited for the new City Market store to open as it will be located just a few blocks from our Hickok & Boardman Realty office and will give us another lunch and quick grocery stop option!

Looking to move to the Burlington area or sell your Burlington home, condo, or multi-family property? LipVT is the #1 real estate team for sales in Burlington for 3 years in a row now! Visit us at www.LipVT.com, call 846-9575, or email Steve@LipVT.com with any questions about Burlington Vermont Real Estate.