Parking OK’d for 5 Points Project


Parking OK’d for 5 Points project
Project stays at 6 stories

Columbia City Council voted 6-1 today to add two floors of public parking in a six-story retail and townhouse project in Five Points.

In an 11th-hour deal leveraged by council member Daniel Rickenmann, 5 Points South developers Stan Harpe and Ron Swinson agreed to accept $500,000 rather than $1 million for air rights.

That lowered the price to taxpayers for the approximately 200 parking spaces to no more than $5.3 million.

As part of the deal, the Five Points Association merchants group agreed to lease up to 50 percent of the spaces and offer them free to the public and employees.

The deal does not affect the height of the building, which is planned for the old Kenny’s Auto Supply lot between Blossom and Devine streets and Saluda Avenue.

Many powerful neighborhood groups have argued it will be too tall for the mostly two-story urban village near USC. They urged the council to overturn its earlier approval of the building’s height.

Swinson said the developers can move forward with the project as designed. Construction could begin as soon as Aug. 1.

Council members also included several tenets to the contract that allow them to approve the final deed, construction loan, shared costs and other fiscal aspects of the deal.

Be Sociable, Share!
    Categories : Columbia

    Comments are closed.