Vienna to purchase public parking condominium
The Town of Vienna has taken a significant step toward its long-term goal to provide additional public parking in its historic commercial corridor as Town Council approved last night the purchase, for $4.6 million, of a second-floor condominium that will provide 121 public parking spaces at 223-241 Mill Street NE.
Mill Street Development One, LLC has proposed a four-story, mixed industrial-commercial building at the site. Public parking would be provided by the Town on the second floor with privately owned rental storage space on the third and fourth floors and retail/parking on the first floor. Additional retail parking will be provided below grade. Council’s approval of the condominium purchase is contingent upon delivery of a final, satisfactory purchase contract and condominium documents.
The Town proposes to fund the purchase through a combination of grants and loans. Vienna has applied for a Northern Virginia Transportation Authority grant that would cover 50% of the cost and require 50% of the spaces be reserved for a portion of the day for Metro, biking, and carpool commuters.
The condominium-structured purchase, explains Finance Director Marion Serfass, limits the Town’s risk and ensures that the Town will be refunded should the project not come to fruition. Currently, the project is expected to be finished sometime in 2020. The Town would pay annual condominium and maintenance fees, anticipated to cost $50,000 to $100,000 each year.
“We’re excited that this project will allow for ‘park once, shop prolifically’ opportunities in downtown Vienna,” says Planning and Zoning Director Cindy Petkac, “and we’re pleased to make good on our commitment to Church Street merchants to provide additional, needed public parking spaces.”