In a recent government meeting, discussions centered around a proposed 21-story building project that has raised concerns regarding traffic impacts, community hiring commitments, and infrastructure readiness. The project, which is expected to generate significant traffic, was assessed by traffic engineers who concluded that it would not have a significant adverse effect on local roadways, particularly due to its proximity to public transportation options.
The developers emphasized their commitment to hiring minority- and women-owned business enterprises (MWBEs) for the project, although they noted that the specific percentage of contracts awarded to these groups would depend on the availability of qualified contractors. They expressed a desire to foster community involvement and local hiring, aiming for a minimum of $30 million in contracts to be sourced locally.
Concerns were raised about the project's potential impact on pedestrian safety and fire department accessibility, especially given the building's height and the history of delays experienced during previous projects. The developers assured that they would conduct thorough assessments of the surrounding infrastructure, including utilities and sewer systems, to prevent issues similar to those encountered during the construction of a previous project at 42 Broad Street.
The timeline for the project indicates that construction could begin by the end of next year, contingent upon zoning approvals from the city council. The developers anticipate a construction period of approximately 24 months, during which they will work closely with city officials to address any traffic pattern changes and ensure compliance with safety regulations.
Additionally, the developers plan to contribute to a community benefits fund, projected to exceed $500,000, which would support local initiatives and infrastructure improvements. This commitment reflects a broader strategy to enhance community relations and address concerns raised by residents regarding the impact of large-scale developments in the area.