Monday, November 23, 2020

PROJECT SEEKS UNION FINANCING -- UNION WAGES, BUT NOT ENOUGH AFFORDABLE FAMILY HOUSING.

Note: Hotel and Office space deleted, but still no neighborhood, no family housing, no affordable space for small retail and service businesses. 20% not enough!!!

CityPlace developers pursue labor union money; impasse with city remain. Dan D'AmbrosioBurlington Free Press


The first phase of CityPlace will involve building 181 apartments, 14,500 square feet of retail space and a 424-car parking garage, at a cost of $70 million. Sinex said 20% of the apartments built throughout the project will be considered "affordable."

Phase 2 will bring 175 more apartments and an additional 7,500 square feet of retail. The third and final phase will add 70 more apartments, for a total of 426 units, plus 20,000 more square feet of retail, for a total of 42,500 square feet.

"No office space," Sinex said. "Office is dead. COVID took care of all that."

There will also be a rooftop restaurant and public observation deck, and most critically, St. Paul and Pine streets will be reconnected to Bank and Cherry streets, restoring the downtown grid blocked by the construction of the Town Center Mall in the 1970s.


https://www.burlingtonfreepress.com/story/news/2020/11/18/cityplace-burlington-afl-cio-provide-construction-loan-union/6315587002/

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