Wednesday, February 7, 2007
The developers of a proposed 95-unit luxury apartment complex in the old Design Pak factory building have offered city officials a new plan to meet the city's affordable housing criteria.
Instead of giving the city $190,000 -- or $2,000 for every new unit they build -- the developers will create 10 affordable housing units elsewhere in the city. Exactly where has not yet been determined, according to Arthur Bergeron, a lawyer for the developer.
City officials also want the developers to install 700 feet of granite curbing along the building's Maple Street frontage (worth $50,000) as well as pay for added traffic enforcement ($20,000-worth).
The deal will be voted on by the city council's Urban Affairs subcommittee before going to the full City Council. The developers, Joe Pittorino and David Nyberg, are Acton natives who bought the building for $2.3 million last year.