A longtime dispute over a since-developed downtown parking lot seems to be coming to an amicable settlement.
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City Council during its June 10 meeting authorized a settlement agreement (AR-147-24) with T&S Developers, owners of Luciano’s Ristorante & Lounge, and its affiliate, Henray LLC, which owns 107 Monroe St. The parties have agreed to an amicable resolution of the dispute without admission of liability, according to the resolution.
In 2015, T&S Developers challenged the Planning Board’s approval of The Mint development. The second phase of the five-story project was erected at the corner of Poplar Street, which has been an empty lot which Luciano’s had been using for valet parking since it opened in 2008. T&S claimed that previous developers had agreed to work with them and the Parking Authority to identify alternate locations to accommodate some two dozen parking spaces that would be lost to the development.
The governing body approved an ordinance in 2016 that would allow the Parking Authority to use part of Bridge Street to settle the dispute. The parties entered into a settlement in February 2016 in which the former Parking Authority would convey a Bridge Street lot (Block 319, Lot 6) for $80,000. In exchange, T&S would dismiss the action without prejudice and agreed to discuss the action “with prejudice with said stipulation to be held in escrow until terms of the settlement were effectuated,” according to the resolution.
After six years, T&S in 2022 sought to enforce terms of the previous settlement agreement and acquire the lot for valet parking, according to the resolution, but the city is now being opposed to the sale.
Henray LLC owns 107 Monroe St., which is in the process of being sold to another party as part of another developer agreement, according to the resolution. A concept plan that includes 107 Monroe St. proposes a 69-unit development.
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