Talk about pricey. The developer of a condo project on Bryant Street estimates that he'll get an average of $1.2 million for each unit.
The City Council approved the seven-unit project last week, which will replace a 1927 home at 324 Bryant Street on a .26-acre lot. The three-story units range from 981 to 2,367 square feet and each comes with a patio and a garage. Architects on the city's Design Review Committee gave a thumbs-up to its design. The average price was mentioned in a city staff report.
Council member Laura Macias was the only member to vote against the project, saying she preferred that the 1927 home stay, though it was not deemed historic. Member Jac Siegel expressed similar concerns about developing "every little quarter-acre" of downtown, but voted for the project. Member Tom Means was absent.
"I guess the idea of replacing that cute little 1927 house with this is not that appealing to me," Macias said.
Mayor Mike Kasperzak and council member Ronit Bryant expressed support for the project, with Bryant praising the new access to the street that neighboring properties will have because of the project.
With a total estimated value of $8.4 million, the project brings the city $252,000 in new below market rate housing fees, $168,000 in park fees and $11,280 in new property taxes.
Eric Peterson of developer Pacific Peninsula Group said after two years of work, "We feel the project as represented will be something Mountain View will be pleased to see developed."