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Charlottesville City Council Approves E. Market St. Land Purchase

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Lucky 7 and Guadalajara in downtown Charlottesville Lucky 7 and Guadalajara in downtown Charlottesville
CHARLOTTESVILLE, Va. (WVIR) -

Charlottesville City Councilors have officially approved a contract to purchase property along East Market Street at their Monday night meeting. The property is the land currently occupied by the Lucky Seven convenience store and Guadalajara Mexican Restaurant.

The $2.85 million land purchase will be used to build a new parking garage. It’s part of a larger action plan to improve downtown parking.

City attorney Craig Brown says there are a lot of different possibilities for this space. The current tenants could be incorporated in to the new development or relocate elsewhere in the city.

City Councilors say they will honor the current leases of both Lucky Seven and Guadalajara which run through 2021, and that no one will lose their job because of this deal.

"That was the product of what I feel like was good faith negotiations between the two sides. There were a series of offers and counter offers for this property," Brown said.

"We will do what is fair and right by the workers, by the people who work there and I just want to make sure the community knew that," City Councilor Bob Fenwick said.

In 2017, the city will receive rent from these two properties totaling a little bit more than $126,000. Brown says this is a significant piece of property both in terms of its potential and its location.

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