A developer is seeking city approval to build an apartment complex over a portion of Lovegrove Street in Station North.
The building would be located on properties behind the Chesapeake Building that's used as parking lots today.
A bill to authorize the sale of air rights above Lovegrove Street at 22 and 24 East Lanvale Street was introduced to the City Council on Monday. The air rights, as well as the closure of two small alleys nearby, allow for the assembly of a larger site, according to a Planning Department report from 2012.
Developer Ernst Valery said it is too early to say specifically how the air rights would be used in the design of the proposed building, expected to include between 85 and 95 apartments, as well as parking and retail space. His Ernst Valery Investments Corp. and SA + A Development plan to present building designs to the city in the next few weeks, he said.
Under an agreement, Lovegrove Street would remain open, said Marcia Collins, a city legislative officer who worked on the bill. No sales price has been set.
Valery attributed the time lag since the 2012 Planning Commission presentation to his desire to finish the Chesapeake Building's renovation before getting started on the apartments.