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Blog :: 12-2015

Burlington YMCA still searching for a buyer for College St. Property

 

Despite having been listed for sale in August, the Burlington YMCA has not yet found a buyer. Seven Days contributor Molly Walsh, in her 12/2, reports that the property is listed for $3.75 Million.

The YMCA recently paid $2.5 million for the former Ethan Allen Club just up the hill at 298 College Street. The Y has undertaken a capital campaign to raise funds to convert the space to a modern recreational facility.

Time will tell how the corner of College and South Union Streets will develop but it's a fair bet that significant change is on the way.

Read the full article from Seven Days here and reach out to the team at www.lipvt.com with any real estate questions. 

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    Slow and Steady Progress on Champlain Parkway!


     

    After nearly 50 years of planning and numerous fits and starts, city planners say construction on the Champlain Parkway will begin anew in 2018.

    Burlington Free Press staffer Zach Despart reported in his 12/5 article that Mayor Miro Weinberger's administration, "have pledged to complete a number of projects that have languished for years in planning stages."

    Despart reports generally favorable response from City Councilor Joan Shannon, Local Motion Director Jason Van Driesche, and Kelly Devine of the Burlington Business Association.

    Read the full story here and reach out to the LipVT.com team for all your real estate needs!

     

     

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      Tentative Agreement reached on Burlington College Development Deal

      The proposal to develop the former Burlington Diocese land along North Avenue took a step forward last Thursday. Vermont Public Radio's Taylor Dobbs filed a December 3rd report detailing the tentative proposal. Under the plan, a well-used foot path would be preserved providing continued access to the bike path from North Avenue. This path is included in an approximately 12 acre parcel that spans lakefront portion of the property recently sold to Developer Eric Farrell.

      The city of Burlington and Champlain Housing Trust will pay $2 million for the land.

      According to Dobbs, "The agreement also allows Farrell's company, BC Community Housing, to build up to 770 residential units on the property. Of those units, the agreement guarantees the Champlain Housing Trust 160 low-income housing units on the former Burlington College property. A concept rendering of the final development released with the agreement outlines 570 housing units, including 17 town houses for sale and dozens of condos."

      Read the full story here and reach out to the Steve Lipkin Team at www.lipvt.com with any real estate questions.

       

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