Future of the First Street Garage Community Meeting, June 19

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The City of Cambridge is holding a community meeting on Wednesday, June 19 at 6:30 p.m. at the Kennedy-Longfellow School, 158 Spring St., Cambridge to provide the community with an update on the status of the proposed disposition of a leasehold interest in 420 unassigned parking spaces and approximately 9,000 square feet of ground floor area intended for retail use in the City-owned First Street Garage property located at 55 First Street. 

The meeting will include a summary of the LMP GP Holdings LLC’s disposition proposal received by the City and an update on the First Street Area Parking Planning Study commissioned by the City’s Director of Traffic, Parking, and Transportation in connection with the proposed disposition. The City is seeking the public's input on the proposed leasehold disposition of 420 unassigned parking spaces and approximately 9,000 square feet of ground floor retail space in the First Street Garage.

You can learn more or sign-up for email updates about the First Street Garage at www.cambridgema.gov/firststreetgarage

Following the June 19 community meeting, public hearings will be conducted at the Planning Board and City Council in accordance with the provisions of the City’s disposition ordinance, Chapter 2.110 of the Cambridge Municipal Code. A City Council vote will be required in order to approve of the proposed disposition of the leasehold interest. State law (G. L. Chapter 30B) also requires that when public land or property is disposed of, proposals must be solicited from interested buyers prior to selecting a buyer. The City issued a Request for Proposals pertaining to the proposed leasehold interest, and conditionally awarded the proposed leasehold interest to LMP GP Holdings LLC subject to the process that must be conducted pursuant to the disposition ordinance and the vote of the City Council on the proposed disposition. 

For additional information, please contact Lee Gianetti, Director of Communications, at 617-349-3317 or lgianetti@cambridgema.gov.


Page was posted on 6/5/2019 3:59 PM
Page was last modified on 6/17/2019 12:08 PM
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