More housing could soon be coming downtown after Urban Affairs Committee members approved a real estate business owner’s plan to build a five-story, 36-unit condo complex. The full council will vote on the plan next month.
METRO WEST DAILY NEWS – A downtown business owner has won a key approval for her plan to raze her South Bolton Street office and a neighboring home she owns to make way for a five-story building that will house 36 condos.
Urban Affairs Committee members signed off on Marilyn Green’s proposal for the downtown mixed-use project that will feature four one-bedroom and 32 two-bedroom condominiums, space for two retail or office spaces and 29 ground-floor parking spaces. The full City Council is expected to vote on the plan on Nov. 5.
Green, owner of RE/MAX Signature Properties at 28 South Bolton St., initially proposed constructing a four-story addition to her building in 2016. She recently purchased a vacant multi-family home at 27-30 Cotting Ave. for $400,000 that allowed her to expand and modify the project.
Attorney Arthur Bergeron, who is representing Green, said the building will have an urban feel to it and have a similar look to the nearby Main Street Bank. The 68-foot tall complex will have a lighted clock tower and urban park space.
“The goal is you’re driving into town and say, ‘I want to live there,’” said Bergeron.
Green is unsure if the condos will be for sale or rent, but expects the market will dictate that decision once the project is completed. She anticipates using one of the available retail spaces for her real estate business.
Green, who has more than 40 years experience in the real estate industry, believes her project will bring a new energy and residents to the city center – a priority of Marlborough officials the past few years.
“We’re looking to attract the young people who come to the city to work,” she told committee members.
Committee members lauded the project and agreed it will bring excitement downtown.
“It looks like a beautiful project,” said Joseph Delano, Urban Affairs Committee chairman.
The City Council approved the Marlborough Village downtown zoning district in 2014 to encourage mixed-use properties to bring residents and businesses downtown. The zoning eases requirements on parking and building dimensions for developers, who in turn have to comply with more stringent design standards. The zoning allows developers to make payments in lieu of creating parking and instead use spaces available in the municipal garages.
Green would make a $140,000 mitigation payment to the city for parking. The project requires 43 spaces and her proposal only calls for 29 spots.
Construction is expected to take about a year to complete. Green is unsure when construction will begin if her project receives approval from the full council next month.
The project would bring the city about $123,000 in annual tax revenue.
Green got the idea to build a mixed-use property downtown after talking with Tim Cummings, then-executive director of the Marlborough Economic Development Corp., several years ago. Cummings told Green about the new Marlborough Village zoning district and said it could help revive the city’s downtown.
This article by Jeff Malachowski originally appeared here.