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Commission approves Gramercy project agreement with public parking, plaza and age-restricted unit terms

5821187 · August 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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