Land slated for development at the end of Lakeview Terrace and near the top of Depot St.
It’s a developer’s dream: open land overlooking Lake Champlain, a short walk from downtown Burlington. And Redstone, which recently bought the parcel at the southern end of Lakeview Terrace, plans to make the most of it.
In a paper notice left on nearby residents’ doorsteps this week, the Burlington development and real estate company informed neighbors that it plans to construct a six-story apartment building — two levels of parking and four stories of housing — on what is currently a parking lot and a steep forested slope.
“It’s a phenomenal location,” said Redstone partner Erik Hoekstra. “It’s no secret that Lakeview Terrace is one of the most desirable addresses in the city of Burlington.”
No formal application has been filed with the city. As required by city ordinance, Redstone will first present conceptual plans to the Wards 2 and 3 Neighborhood Planning Assemblies on November 12.
“We’re doing what we always do and that is we’re taking a very collaborative and community-based approach,” Hoekstra said. “We do whatever we can to try to address as many community concerns as possible.” But, he continued, “In the end there are going to be some people that just don’t want anything to happen and we’re not going to not do anything.”