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Pratt Landing project faces design and cost challenges; staff says work continues
Summary
City staff said Pratt Landing remains entitled but developers face design changes driven by building‑code revisions for subterranean parking, rising construction costs and veteran requests; staff said planning‑board review of a site‑plan amendment is likely in coming months.
Councilmember Tarantino asked for an update on Pratt Landing and the Department of Development described a year of progress and outstanding issues. Staff reported land acquisitions, lifting a state reverter on the Armory and meetings with veterans who requested additional accommodations; they also said a building‑code revision affecting subterranean parking design will force design changes and increase costs. Rising construction prices (an estimated ~20% increase) and higher interest rates have affected the project's proforma, prompting the developers to consider a site‑plan amendment that would return to the planning board for review.
Staff said the developer remains engaged, has entitlements and can request a one‑year extension as needed; a site‑plan amendment and planning‑board review are anticipated in the next few months. Councilmembers urged more frequent updates to keep neighborhoods informed and noted public concern about timing and phasing if the project is stretched out over additional years.
