City council will consider a proposal for the development of a four-phase, 151-unit condominium building at its regular Dec. 18 meeting.
The proposed development is planned for the land between city hall, Sixth Avenue and Queensway. The site is currently occupied by a car rental business and a former auto repair shop.
The proposed development would include a city-owned parking facility with 290 underground parking stalls, and 64 surface parking stalls.
"The proposal includes provision that 133 of the new underground parking spaces would be reserved for condominium residents at a reduced rate," a press release issued by the city said. "The Community Charter requires that municipalities give advance notice of when councils will be consider such arrangements."