Mess Roof Southfield developer plans to put a piece of urban paradise in the heart of downtown Royal Oak. JULIE EDGAR STAFF WRITER A "F SIKAW T!' WM T. a "*MffalagL, rco Construction in South- field is inverting the usu- al urban equation: Paving over property for a parking lot. Instead, the company wants to replace an old, 200-space municipal parking lot in downtown Royal Oak with a luxurious condo- minium-retail development. With the approval of the city's planning and city commissions, the Lafayette Terrace project could begin as early as next sum- mer. The lot occupies one square block, bordered on the east and west by Lafayette and West streets and on the north and south by Fifth and Sixth streets. Arco's 10-story, 114-unit build- ing will feature a four-level park- ing deck for public and private use, a fifth-floor terrace with a health club and swimming pool, and shops at the ground level. Arco Vice President Walter Co- hen said the company has talked to a major drugstore chain about occupying the building's ground floor. City officials agree Lafayette Terrace is a beautiful prospect. If approved, it would solidify the area by bringing in higher-in- come residents and generate enough tax revenue to pay for the two parking levels promised to the city. The parking structure would double the number of spaces available now. Area residents see it differ- ently. Even if their property val- ues climb because of a new development, they aren't eager to live near a high-rise. "When I moved to this neigh- borhood, I wasn't looking for a high-rise in my back yard or front yard. That's a negative impact on my property values. For a lot of people who are in the neigh- borhood, that's a moot point, be- cause they're here for the long term. They don't care about prop- erty values," says Tracey Smith, a West Street resident and mem- ber of two neighborhood associ- ations that oppose the development. In response to Walter Cohen their concerns, the has big plans for Royal Oak. city formed a task force to study al- ternatives. Arco even modified its drawings, placing the highest parts of the building furthest away from West Street. Condo- minium fronts now face West Street. Ms. Smith acknowledges the groups have few legal options if Arco's plans are approved. Neigh- bon wish the city had rejected a high-rise development for aes- thetic reasons and because it would have made for better pol- itics, she says. "There have been significant modifications to the building that I think have made it a better product for the neighborhood," says Chuck DiMaggio, Royal El Oak's director of planning. He noted that the city has two oth- er buildings that are higher than Lafayette Terrace would be. Mr. Cohen says more people RAISING page 38 CY, u) >-- 33