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Commission approves Gramercy project agreement with public parking, plaza and age-restricted unit terms
Summary
The commission unanimously approved the Gramercy East project agreement, which requires a parking structure of roughly 516 spaces, perpetual public easements for most non-dedicated parking, public plazas and restrooms, artwork maintenance and age-targeted occupancy for a portion of the apartments.
The Carmel Redevelopment Commission unanimously approved resolution 2025-19 to adopt key terms of the Gramercy East project agreement and authorize staff to finalize the agreement.
Staff told commissioners the Gramercy agreement anticipates a parking structure with roughly 516 spaces and two public plazas. The developer will grant a perpetual easement…
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