A change to the development agreement between the city and The Varsity – a 13-story, 177,180-square-foot apartment building containing 181 dwelling units (415 bedrooms) – has been given approval by the Ann Arbor city council. The council’s action – to confirm an Ann Arbor Downtown Development Authority decision to award the right to purchase a total of seven monthly permits, at a 20% premium cost – came at the council’s June 17, 2013 meeting.
The Varsity is located at 425 E. Washington St. in downtown Ann Arbor. Based on zoning requirements, 76 off-street parking spaces are required. Only 69 were provided onsite. The others were provided through the contribution in lieu (CIL) program. The seven spaces were approved by the Ann Arbor DDA at its June 5, 2013 meeting. It falls to the DDA to make a decision on the CIL spaces, because the DDA administers the city’s public parking system under a contract with the city of Ann Arbor.
This brief was filed from the city council’s chambers on the second floor of city hall, located at 301 E. Huron. A more detailed report will follow: [link]