1958-09-15 - Laserfiche WebLink

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1 1 9-15-58 The proposal involves the re -zoning of approxi mately 11 acres of land froma single family residen- tial (R 1) district to a garden apartment and hotel (A 1) district. The land, located on the southeasterly side of Waltham Street and diagonally opposite the high school, is part of a 26 -acre tract owned by the Vine Brook Realty Trust. The town is considering the location of an exten- sion of Worthen Road passing by the rear of the high school, crossing Waltham Street, continuing through said trust's land to other parcels and thence to Marrett Road. It is understood that the trust proposes to deed to the Town land necessary for the straightening of Waltham Street on the southeasterly side of said street and for the extension of Worthen Road over the trust's land. The Planning Board anticipates that Worthen Road will abut approximately the northeasterly side of the pro- posed A 1 district. The trust plans to develop a project of 100 to 120 apartments to be housed in approximately 17 build- ings. It is understood that 30% of the total number of apartments are to be one -bedroom units, with living room, dining areas bath and kitchen; 6&. to be two-bedroom apartments, and 10% to be three-bedroom apartments. It is anticipated that apartment rents will range from $120 to $175 per month and the total development will cost from $1,250,000 to $1,500,000. In the over=all development of the Towns the Planning Bo -.re believes there should be garden apartments on the southeasterly side of Waltham Street in the gen- eral area described above. The Board believes also that the proposed location for the A 1 district is particularly adapted to garden apartment use. The proposed area is centrally located and is the last remaining area avail- able'for such a development so close to the downtown sec- tion. Under conditions and restrictions set forth under the zoning by-law the site can be developed as may be deemed to be in the best interests of the Town. The Planning Board unanimously recommends the adoption of the amendment proposed under Article 9. September 13, 1958 Lexington Planning Board Charles T. Abbott Levi G. Burnell, Jr. Thomas S. Grindle, Chairman Wilbur M. Jaquith Richard H. Soule