September
19,
2007
By David Liscio
/ The Daily Item
The Mayo Group is requesting city permission to increase
the number of residential condominium units inside its
building at 24 Mount Vernon St. from 32 to 49.
The project that transformed the former industrial building
into market-rate condos was completed last month and the
units are now for sale. The Boston-based Mayo Group added
two stories to the building to increase the project's potential.
Some of the units were relatively large in terms of overall
living space and could be made smaller, yet adequate, according
to the developers.
City Clerk Mary Audley said the Mayo Group has filed a
petition with the City Council asking that the project's
special permit be amended so that the building interior
layout can be configured to accommodate the additional
units. A public hearing has been scheduled for Tuesday,
Oct. 9 at City Hall.
Local developer Andrew Perkins originally began the project
at 24-68 Mount Vernon St. On July 24, 2004, the City Council
issued Perkins a special permit to add a new fourth and
fifth floor and to convert the second, third, fourth and
fifth floors into condominiums. Perkins later sold the
property to the Mayo Group.
The Mayo Group wants to add 17 condominium units within
the existing footprint by redesigning the layout currently
shown on construction plans, according to the application
on file at City Hall.
The goal of the change is to make the condos
more efficient, cost-effective, and more appealing to current
or prospective residents. According to the application, Mayo
Group is basing its decision on its experience marketing
two residential projects in downtown Lynn over the past three
years.
According to the Mayo Group, the additional
units would impose no substantial burden upon the city for
services while increasing local real estate tax revenue. |
