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2525 North Main Street January 14, 2019 Page 2 Other entitlements requested include a development agreement between the City and applicant/owner, a general plan amendment to redesignate the property from Professional & Administrative Office (PAO) to District Center (DC), and an amendment application to rezone the property from Professional (P) to Specific Development No. 93 (SD -93). Staff is recommending the conditional approval of the project subject to project modifications such as: • Reduce the density to 81 dwelling units per acre, a maximum of 476 units • Revise the unit mix; reduce the number of studio and one -bedroom units to 70 percent of the project and increase the number of two and three -bedrooms to 30 percent of the project • Provide parking at a capacity of 2.0 spaces per unit • Provide courtyards along the north elevation Project Location and Site Description The subject site is a 5.93 -acre parcel located at the northeast comer of Main Street and Edgewood Road. Regional access to the site is provided from the Santa Ana (1-5) Freeway via Main Street, a 6 -lane arterial roadway, and via the State Route 22 (SR -22) Freeway. The properties immediately adjacent to the site include Santiago Park to the north, single-family residential homes to the south and east and the Discovery Science Center of Orange County is across Main Street to the west. The project site is located on North Main Street, an urban corridor within the City. The site is also located at a main entry point to the Park Santiago Neighborhood, a residential neighborhood, predominantly comprised of detached single-family dwellings. The site is currently improved with an 81,172 square foot, two-story office building with 442 parking spaces and associated mature trees and landscaping. The building has been vacant since summer 2017 and was last occupied by Wells Fargo. The Discovery Science Center of Orange County leases the parking lot for employee and overflow parking. Table 1: Project Location Information Item Project Address 2525 North Main Street Nearest Intersection Main Street and Edgewood Road General Plan Designation Existing: Professional & Administrative Office PAO Proposed: District Center (DC) Zoning Designation Existing: Professional (P) Proposed: Specific Development No. 93 SD -93 Surrounding Land Uses North Santiago Park —Open Space East Single -Family Residential — R1 75E-270