New Proposal for Vacant Lot on Parsons Calls for 78 Units, Retail
A new proposal for a long-vacant lot at 122 Parsons Avenue calls for 78 apartments and about 3,300 square feet of retail space. A three-story building would fill most of the one-acre site, with a 106-space first-floor garage providing parking, along with nine outdoor spaces and 20 individual one-car garages accessed from Gustavus Lane.
A previous plan for the site by a different developer called for three buildings and a total of 44 units, and did not include a retail element.
Attorney David Hodge of Underhill and Hodge, who is representing the new developers, said that they were very aware of neighborhood concerns about that project.
“Our proposal is much more in accordance with the city’s land use plan recommendation for the property, and that’s very purposeful,” he said.
Hodge represents an investor group – registered under the name Parsons Parc, II, LLC – that includes John Royer, of Kohr Royer Griffith, and Metropolitan Holdings. The group closed on the property in December of last year.
Their proposal cleared its first hurdle after a site hearing on Saturday morning, when the zoning committee of the Near East Area Commission voted to recommend approval. Hodge said they hope to bring the project before the full commission this Thursday.
“I’m very bullish on the market in general, and on Parsons from Bryden to Broad particularly,” he said. “We’ve been in this 30-year conversation about the revival of Olde Towne East – I think it’s actually happening this time, and I believe this project will be a catalyst for additional positive things in the neighborhood.”
All visuals by JL Bender Inc Architects & Planners.