As plans to remove 170 parking spaces from Upper Polk Street stir emotions and debate, the Emerald Fund is moving forward with plans to dig up the 58 space off-street parking lot at 101 Polk Street and construct a 13-story residential tower on the site.
The proposed tower to rise 120 feet on northwest corner of Polk and Hayes would yield 162 rental units (25 studios, 99 one-bedrooms and 38 two-bedrooms) over a subterranean garage with space for 52 cars and 62 bikes as proposed.
Trees would be planted along the Polk, Lech Walesa Alley, and Hayes Street frontages:
Assuming approvals and exceptions for parking (0.31 spaces per unit proposed versus the 0.25 permitted), rear yard requirements (substituting a second floor outdoor court for the required rear yard), and wind comfort level exceedances (over a maximum of 11 miles per hour) as proposed, development of the project is slated to commence next spring.
And assuming a spring 2014 start, the building would be ready for occupancy in 2016.
∙ Polk Street Showdown: Bike Lanes Versus Parking & Local Opposition [SocketSite]