A decade after originally granting approval for a 487-unit development on the former Wheatena property, the Planning Board approved revised plans for a second phase that will substantially increase parking ratios.
Continue reading Planning Board OKs 2nd phase of Brownstones
A temporary parking lot for the Brownstones development would remain in use for at least a year after the second phase of the 480-unit development is completed, under legislation passed last month.
Continue reading Brownstones redevelopment plan amended for parking
Revenue from Payments In Lieu Of Taxes (PILOT) increased last year by 30 percent, about $845,000, and this year’s municipal budget anticipates another increase of 26 percent, or almost $720,000.
Continue reading A closer look at PILOTS in 2024 municipal budget
The second phase of Meridia Brownstones would significantly boost the number of parking spaces originally approved for the entire project a decade ago.
The 2023 municipal budget anticipates almost $3 million in revenue from Payments In Lieu Of Taxes (PILOT), an increase of almost a half-million dollars.
A revised second phase of Meridia Brownstones could come before the Redevelopment Agency as early as next month.
Additional residential permit parking and time limited parking would come to the neighborhood around Meridia Brownstones if legislation is adopted next week.
More changes were agreed to with the developer of Meridia Brownstones, with another major amendment expected in the new year.