The Planning and Zoning Commission on Thursday unanimously approved a site plan for two multistory buildings with 173 apartment units between Bank Street and Shaw’s Cove. The buildings are considered Phase 2 and 3 of Shaw’s Landing at 400 Bank St., a development completed in 2006 that now contains 35 condominiums. Mayor Michael Passero said Oaktree was among the first developers he had reached out to five years ago to help realize his economic development goals while in office. Parking was the most controversial element of Oaktree’s application and discussion had continued through three different commission meetings. The commission on Thursday approved a waiver of 60 spaces because the development fell short of the required 167 parking spaces. Felix Reyes, director of the city’s Office of Development and Planning, called the impact of this development “tremendous,” especially when combined with other projects in the pipeline that include a 98-unit complex and Bank and Howard streets and another 203-unit building planned for Howard Street.
https://www.theday.com/local-news/20201204/major-development-approved-for-downtown-new-london