MARLBOROUGH – The City Council will be discussing a possible settlement with JW Capital Partners LLC and Marlborough TOTG LLC over the proposed development at the former Rowe Funeral Home at 57 Main St. at its next meeting on Monday, March 11.
Under the agreement to be presented to the City Council, the site – now known as Exchange Place – will have at least 80 parking spaces on site.
“[The] applicant shall make good-faith efforts to accommodate 84 onsite parking spaces in the Revised Plans, but at a minimum the Revised Plans shall accommodate no less than the 80 onsite parking spaces required by the Zoning Ordinance to accommodate all required parking on site,” according to the settlement.
The original plans called for 29 on-site parking spaces to accommodate 99 units of multifamily housing, ground-floor retail and restaurant space, and a pool. The applicant had planned to use nearby city parking lots.
Under the council’s Site Plan Approval with Conditions dated April 25, 2023, the applicant was required to provide 60 on-site spaces, requiring certain design changes to the project.
It was this requirement that led to an appeal of the decision filed in Land Court by JW Partners.
