Beachwood could see a new apartment building in place of three dilapidated office buildings at Green Road and Chagrin Boulevard.
A concept plan presented at Monday’s City Council meeting calls for a four-story apartment building with 340 units and a two-story parking garage where Commerce Park Buildings I, II and III stand at the southeast corner of the intersection.
Smerigan said that the plans are consistent with the Commerce Park report his company conducted for the city earlier this year.
The property sold for $4.1 million in September to The NRP Group, LLC and Munsell Realty Advisors, LLC. City Planner George Smerigan said the buildings will be torn down to make room for the new apartments if the legislation passes. Tenants from those offices will move to buildings IV and V.
The property was close to foreclosure before it went to Marketview Properties, LLC, added Smerigan.
Smerigan said that the office buildings are in dire need of repairs.
Beachwood City Council tabled measures Monday that would change the zoning of the parcel to one that would allow the apartments.
Two ordinances — one to create a zoning district for planned multi-family development and one to change this parcel to that zoning — were put before council to refer to the Planning and Zoning Commission.
Councilman Brian Linick asked for more time to study the legislation before voting on whether to refer it to P&Z.
Council referred the ordinances to the Jan. 3 meeting, when council could vote to refer the legislation to P&Z.
After P&Z’s review and if the commission recommends it to council, council members will read it twice more and hold a public hearing, then take a final vote.