City councilors approved a proposed condominium development on Essex Street Tuesday, after the project was tabled last month due to questions about its scale and parking.

Ten councilors voted in favor of a request to change the usage at 589 Essex St., a vacant building across the street from Lynn District Court, from industrial to residential use.

Developer Henri-Claude Bailly, whose firm recently completed the Boston Machine Lofts project, intends to convert the old Sloan Machinery Company building into 32 units of one and two-bedroom loft style apartments. The development would have 36 onsite parking spaces, including 19 in an underground garage, and has agreed to lease an additional 16 spaces, limited to evenings and weekends, from Lynn at the Johnson Street lot.

The proposal first appeared during the Aug. 10 meeting, where councilors voted to table citing concerns from neighbors about parking, a lack of clarity on how many units the 50,400 square-foot development would include, and to allow Council President James Cowdell, in whose ward the development falls, to weigh in on the matter.

Cowdell voiced strong support for the development, saying Bailly had used the interim time to resolve parking and size issues, and reconcile with abutters. Mary Carson, owner of Northern Graphics, who raised concerns over parking and construction impact during the Aug. 10 meeting, was not present last night.

"It represents a $6.5 million investment," Cowdell said.

Representatives of Economic Development and Industrial Corporation also voiced support for the development. Neither councilors nor private citizens at the meeting voiced opposition to the project during the hearing.

Cowdell said the property currently brings the city approximately $17,000 per year in taxes. He said the city can anticipate collecting nearly $88,000 from the proposed development.

City officials also said Lynn would collect $640 per month from the parking spaces leased to the development.