Sheila Barney the President of the NRZ opened the meeting at 6:30 p.m.
Sheila announced Jeff Newman of W&M Properties and his associates (Jonathan Rose Companies LOC, Herbert Newman & Partners) were going to give an overview of their development plans for Atlantic Street and Henry Street.

Jeff Newman briefly mentioned the preliminary plans for Henry Street and Atlantic Street and that he had been meeting for seven months with residents and others to get a sense of what the interests were. Jeff mentioned that the project is consistent with the Transportation Center Design District (40% Residential units-12% below market rate).

The office building will be a first class project like the Metro Center. The Commercial building will be at the North end of Atlantic Street. Amenities:

• Commercial above ground parking.
• 300,000 sq ft of office space
• The office building is projected for 2008-2009

Herbert Newman emphasized the project is being pursued in accordance with the Master Plan.

Deborah Spayd presented the residential component of the development:

• 241 residential units will be developed
• 33 homeownership (1,2,3 bedrooms) along Henry Street (Henry Street would encompass the affordable townhouses for sale)
• 50 median income- 12% affordable minimum required by zoning
• 30 Affordable Apartments
• 167 Market rate rentals

The zoning process would entail the discontinuance of Rockland Place. The north of Henry Street and Atlantic Street, which is now, category 4 (residential, medium density multifamily) would be submitted for modification to change it to category 9 (downtown collar, mixed use). There will be a pre-application meeting and public notices would be mailed to surrounding residents and business owners.

The meeting was adjourned at 7:30 p.m.