| Current
Owner: |
The
Gutierrez Company |
| To
Be Conveyed To: |
-
6.7
acres to the Town of Burlington.
-
Approximately
6 acres will be retained by the Gutierrez Company as open space.
-
Approximately
8 acres will be retained by The Gutierrez Company for
office and parking use.
-
Approximately
10 acres will be utilized by Ruping Builders for 144 market-rate
housing units and 36 affordable senior housing units.
-
Approximately
2 acres will be used as the new site for the existing Winn Street
Towing operation.
|
| Size
Of Property |
32.7
acres |
| What
Is There Now? |
-
Approximately
23.7 acres of vacant Single Family Dwelling (RO) Zoned property.
-
Approximately
9
acres of partially vacant General Industrial (IG) Zoned property
currently occupied by the Winn Street Towing facility.
|
| What
Will Be Developed? |
-
Up
to 170,000 square feet of first-class office space with associated
structured parking; and some surface parking, to preserve as much
open space as possible.
-
144
market rate housing units
-
36
senior affordable housing units that will be maintained in
perpetuity with preference to Burlington residents.
-
Relocation
of Winn Street Towing facility.
|
| What
Are The Benefits? |
-
The present Winn Street Towing facility
will be relocated to
the end of the cul-de-sac on Wall Street.
-
Approximately
6.7
acres will be conveyed to the Town for conservation restrictions
and preservation of a turtle habitat. No development will be
permitted on this parcel.
-
Town
will receive 36 affordable units for its senior residents with a
permanent rent restriction on the units.
-
Character
of Mountain Road neighborhood will be maintained by prohibiting
vehicular access from the development onto Mountain Road.
-
Town
will gain additional tax revenue and will have the ability to
control all future development on the site.
-
Construction
of a parking structure for new office space will preserve more
open space.
|
| What
Could Be Constructed Without The Land Exchange? |
-
Up to
170,000 square feet of office space on the General Industrial (IG)
Zoned property (already approved by the Town Planning Board). Does
not include plans for a parking structure.
-
More
intensive residential impacts as access to this development would
be permitted via Mountain Road.
-
A
single family residential development could be constructed under a
subdivision approval by right on the One Family Dwelling (RO)
Zoned property.
|