Vermont mall developer details scaled-back Burlington site
BURLINGTON, Vt. (AP) — Construction on a stalled mall project in Vermont’s largest city will not begin until late summer or early fall pushing the opening back to 2022 or 2023, developers said at a public meeting.
A crowd of over 100 filled Burlington City Hall on Thursday to hear what is happening next with the mixed-use project that has been delayed for more than a year, WCAX-TV reports.
Developers for CityPlace had announced in October that it would be scaling back the project. They said Thursday that the building will go from 14 stories — as originally planned — to 10 stories.
There will be 357 housing units, and 72 of them will be designated as affordable. A 196-room hotel will also be built. The size of the overall building was reduced by around 25%, and it all will include 550 parking spaces and 297 bike parking spaces. The number of retail space has also dropped by about half.
The project won’t be able to break ground until late summer or early fall because of permitting, officials said.
Aanen Olsen with Brookfield Properties, the project’s developer, said every kind of financing is being explored, but that nothing has been signed.
Current plans call for solar panels on the roof and storm-water collection that will filter water and send it to city facilities.
Developers said they will address at future meetings the former Macy’s building that is slated to be repurposed for office space. The University of Vermont Medical Center was expected to lease a large portion of that office space under the previous plan and said in a statement Thursday it is still discussing such an agreement.