The 490,000-sf project involves a 29-story, 305-ft residential tower, 150 units and 306,000 sf of lab space. Baumann points out that the project is the first one to go under the LMA interim guidelines, which is a precursor to a master plan for this area-- home to a concentration of medical and academic institutions--that the city is in the process of creating to control development.
But this project was allowed to go above the recommended heights in the guidelines because it says that the developers "overachieved" on job development, transportation and residential housing. But Baumann says that the city now wants to reexamine whether there could be more than the 10% affordable housing component that the developer is proposing for the project. She adds that the city felt it needed to look again at the traffic flow issues.
The project will be up for approval on May 1 and Baumann emphasizes that "everyone is very supportive" of it. After receiving city approval, the project needs to undergo the state environmental process.
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