The Glen Cove City Council is scheduled to vote tomorrow on a proposal for developer RXR Realty to pay the city $207,000 for use of a municipal parking garage.
RXR is planning to build a 146-unit apartment building called Village Square next to the Brewster Street parking garage. Village Square will have underground parking, but RXR needs another 69 spaces to meet zoning requirements.
Under the proposal, RXR would pay the city a one-time $3,000 fee for each of those 69 spaces, but the proposal does not give RXR tenants the right to park in particular spots.
The city has reached a separate agreement with RXR to make up to 75 spaces in the garage assigned spots for Village Square tenants, at $65 per space per month, city spokeswoman Lisa Travatello said. That agreement will come before the city council in the future, she added.
RXR is demolishing the current Village Square, which included four office and retail buildings. In addition to the apartments, the new complex will include 15,600 square feet of retail space at ground level and a 16,000-square-foot public plaza to be deeded to the city for concerts, holiday celebrations and other events.
Construction of the new Village Square is scheduled to begin before the end of the year, with completion expected about two years later, said Frank Haftel, first vice president of RXR.