City Planner Robert Cotter said that the owner of a property currently used for a parking lot had proposed to construct only a five-story building. But City Council President Rolando Lavaro said he believes the owner is looking to sell the property to a third party. Lavaro said the sale would be conditioned on a change of zoning that would permit a 16-story building.
“This latest development will be constructed in the McGinley Square neighborhood at 711 Montgomery Street, at the southwest corner of Jordan Avenue. The tract currently contains a private parking lot. When completed, according to GRID Real Estate, the upper levels of the project will consist of 272 residential rental units, including 103 studios, 137 one-bedrooms, 26 two-bedrooms, and six 3-bedrooms. Meanwhile, the ground floor is set to include around 5,000 square feet of retail space.”
This one got its construction permit today. Might start soon…but there are still cars parked in the parking lot this morning, so maybe not? Though we’ve seen with 1075 West Side Ave and 100 Colden, it’s not 100% guaranteed, most of the time projects like this start within a few weeks of the construction permit being issued.