The Globe reports that Monty Gold has dropped his lawsuit against a proposed 202-unit Pine Street Inn apartment building across from Turtle Swamp Brewing in exchange for the addition of more parking to the project.
In exchange, Pine Street Inn and its developer, Community Builders, Inc., agreed not to challenge Gold should he decide to redevelop the Turtle Swamp property, which he owns, the Globe reports. Turtle Swamp is not a party to the suit, although its owner has raised concerns about a separate senior-housing building proposed for right next door.
Gold sued in Suffolk Superior Court last year, after the Zoning Board of Appeal approved the Pine Street Inn plan, which calls for 140 studios for PIne Street clients coming out of homelessness and 62 more traditional affordable units.
At issue for Gold was the 39 parking spaces the board approved, which he said was not enough and would make it impossible for workers at his property to find parking spots. The two non-profits agreed to lease extra spaces at a nearby church - 30 for construction workers and then 15 for the permanent Pine Street staffers who will work at the building with Pine Street clients. Also, Gold and Turtle Swamp will have the right to six spaces in the Pine Street Inn building's garage at night and on weekends.
In a statement, Pine Street Inn and Community Builders said the project will now go forward, even though it will likely cost more due to skyrocketing wood prices in recent months.