METRO WEST DAILY NEWS – More housing will soon be coming to the city center.
Councilors Monday signed off on Realtor Marilyn Green’s proposal for a 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.
“It looks to be a very nice project that is allowed by right in the Marlborough Village District,” said City Councilor Joseph Delano.
The Marlborough Village downtown zoning district was approved 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 will make a $140,000 mitigation payment to the city for parking. The project requires 43 spaces and her proposal only calls for 29 spots.
City Councilor Mark Oram voiced some concerns about a potential lack of parking if other downtown housing proposals are approved in the future.
“We have to start thinking about parking for the city if we’re going to be building these buildings,” he said.
Green, owner of RE/MAX Signature Properties at 28 South Bolton St., initially planned to construct a four-story addition to her office building in 2016. She recently purchased a vacant multifamily home at 27-30 Cotting Ave. for $400,000 that allowed her to expand and modify the project.
The facility will have an urban feel to it and a similar look to the neighboring Main Street Bank. The 68-foot-tall complex will have a lighted clock tower and urban park space.
Green told Urban Affairs Committee members last month she is unsure if the condos will be for sale or rent, but anticipates the market will dictate the decision once the project is finished. She expects to use one of the available retail spaces for her real estate company.
Green has more than four decades of experience in the real estate industry and believes her project will bring a new energy and residents to downtown – a priority of Marlborough officials for several years. She hopes to attract young professionals to the condominiums.
Construction is expected to take about a year to finish. Green told city officials last month she is unsure when construction will begin.
The veteran Realtor got the idea to construct a mixed-use property downtown after meeting with Tim Cummings, then-executive director of the Marlborough Economic Development Corp., several years ago. Cummings told Green about the new Marlborough Village District and said it could help revive Marlborough’s struggling downtown.
The project will bring in about $123,000 in annual tax revenue.
This article by Jeff Malachowski originally appeared here.