Since Common Council passed the new Collegetown Area Form Districts back in March, most of Collegetown falls under a re-written form-based zoning ordinance, in which districts determine the massing, accepted uses, setbacks, parking requirements, and various other aspects of what can be built or modified. Form-based zoning seeks to establish allowable building massing as a priority over accepted uses, and emphasizes a logical transition from rural areas to urban centers, mimicking the transitions found in natural geography. More information available here (was once called the Center for Transect Studies, but the concept itself emerged in the 1970s from various individuals, with the first code written for the Florida town of Seaside by Andres Duany and Elizabeth Plater-Zyberk).
307 College Avenue was re-zoned to MU-1, which has no minimum parking requirements (satisfying thing to read on a zoning ordinance), much like the CBD-zones downtown, therefore the project may continue without a zoning variance, which was attempted previously. The proposal is showing demolition of the existing two-story College Ave-fronting structure, and a six-story project with five first floor commercial spaces (one of which may be a Greenstar location), and 43 apartments: 13 studios, 15 two-bedrooms, 5 three-bedrooms, and 10 four-bedrooms.
Here’s a map and shots of the sketch plan submission: