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The Lillian's parking lot on Broadway is set to be sold for development soon. (ERICA MILLER/emiller@saratogian.com)
The Lillian's parking lot on Broadway is set to be sold for development soon. (ERICA MILLER/emiller@saratogian.com)
SARATOGA SPRINGS ? The city-owned parking lot on Broadway known as the Lillian?s lot isn?t expected to be city-owned much longer.
Mayor Scott Johnson said he expects the final sale of the lot to Sonny Bonacio to go through within the next 30 days.
The $750,000 sale was negotiated in 2007 and was all but completed in 2009, but Bonacio held off on finalizing the sale until plans for the building he proposed locating there were approved by the city?s land-use boards.
The Planning Board and Design Review Commission have both already approved the building plans.
Johnson said it was important for the sale to be delayed until after the parking garage was completed on Woodlawn Avenue, particularly since the parking lots on which the parking garage was built were already being closed for the construction, temporarily eliminating much-needed downtown parking.
?We didn?t want to lose that lot plus the lots on Woodlawn Avenue,? he said.
Johnson said construction of a new building will fill a hole along Broadway that many people in the city probably don?t even notice anymore ? a hole that was created when the F.W. Woolworth building burned down in 1957.
?I think when people see that building, sometime in the not-too-distant future they won?t even remember it was a parking lot,? Johnson said.
Bonacio did not return requests for comment.
Proceeds from the sale of the lot are earmarked to go toward the cost of constructing the now-finished $4.7 million Woodlawn Avenue parking lot. Continued...
If the Planning Board approves, the bottom floor of the building will have its 13,500 square feet of retail space divided into numerous shops. Alleyways on either side of the building will be well-lit and house some of the entrances to the storefronts.
The second story of the building is proposed with office space and the top two floors are designed to have 16 apartments. The structure will rise 1-1/2 stories over the existing Cantina and Lillian?s restaurants.
Source: http://www.saratogian.com/articles/2012/08/30/news/doc503e941981daa278595339.txt
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