Aldermen want city to keep parking rights at Millyard, Pearl Street
A Massachusetts developer has proposed building a student housing tower at the site of the Pearl lot, along with a 700-space parking garage. Earlier this month, the aldermen narrowly voted to reject selling the lot to the developer in favor of issuing an RFP. The developer originally offered $900,000 for the lot.
"I question how the city is going to afford it at this point," Ward 1 Alderman Joyce Craig said. "And I know it could be higher. The language (of the RFP) should focus on office or residential first, and parking secondarily."
They also voted to have the document indicate the possibility for a larger building footprint for the Pearl lot by discontinuing adjacent streets, and to hire a consultant to assist with the evaluation of the proposals.
Parking demand is even greater for the Bedford lot, which is relied on by employers and residents in the Millyard. The RFP scaled down the number of spaces once discussed for a garage at the site, which is considerably smaller than the Pearl lot, to 300-400 spaces.
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