1 Taylor Street Redevelopment Project

1 Taylor Street is the site formerly known as the "Carr Lot” property. It is located on the east side of Taylor Street in the City of Montpelier at the confluence of the North Branch and Winooski Rivers. It is approximately one acre in size. It was purchased by the City in January 2014 and is currently leased by the State of Vermont for state employee parking during the legislative session. It is centrally located in the downtown business district and adjacent to the State's Capitol Complex. The City of Montpelier in will begin to transform what was once a scrap yard and train depot into a state-of-the-art transportation and housing center starting in June of 2018. In addition, the shared use path will be extended through this parcel out to Main Street, providing easy access for bicyclists, walkers and runners and connecting the existing path from Junction Road through the downtown and along Stone Cutters Way.  Thirty new residential housing units will be constructed on the upper floors of the transit center providing residents with easy access to transportation and the downtown. This project is funded through a Federal Highway Administration Grant, a Federal Transit Administration Grant, the City of Montpelier and a partnership with Housing Vermont and Downstreet Housing and Community Development for the housing aspect of the building.

As part of this redevelopment project, the City held a ground breaking ceremony on May 29, 2018.  Senator Patrick Leahy with the help of the late Senator James Jeffords, secured the grants for the projects totaling over $8 million.  Senator Leahy spoke at the event highlighting the critical transportation and housing needs that face Vermont.  Mayor Anne Watson also addressed the crowd in celebration of the major milestone.   The project’s construction management firm, DEW Construction, will begin mobilization for construction during the last week of June 2018.  The multi-modal transit center will be leased by Green Mountain Transit and serve as the public bus hub for the downtown area.  The housing is a mix of affordable and market-priced units, and funded in part with a state grant through the Vermont Housing and Conservation Board.