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2525 N. Main Street, Santa Ana, CA — The Addington Project Description The project proposes the redevelopment of a 5.9-acre site to provide 256 for rent, multi -family residential units. The proposed development will tier from 2 to 4 stories and include 3 courtyards, wrapped around a parking structure with 399 stalls and a rooftop pool deck. The unit mix will be approximately 70% studio and 1-bedroom units and approximately 30% 2- and 3-bedroom units. The unit sizes remain unchanged from previous submissions. Existing surface parking will remain surrounding the project: one lot flanking the east side of the project ("East Lot") with 112 stalls, accessible to residents via the parking structure and one lot flanking the south side of the project ("South Lot')with 180 stalls accessible via Main Street. These existing surface parking lots will provide a total of 292 stalls available for use by both the project residents and the Discovery Cube patrons. The applicant will process a lot line adjustment to separate the parking use from the multi -family use and permit separate ownership. A shared parking agreement will manage the surface parking. The project will have a minimum parking ratio of 2.0 stalls per unit and a shared ratio of 2.66 stalls per unit. The project will be smoke, and vapor free and the residential building's interior amenities will include a fitness center, movie theater, community wi-fi, a presentation room, a business center, a club room/pub and on -site concierge and maintenance teams. The exterior amenities for the project will include 5 landscaped courtyards, rooftop pool and spa, cabanas with TVs, outdoor lounge, outdoor fireplaces, BBQs, bike sharing, electric car chargers and 24-hour security patrol. The highest point of the residential building will be 49' 5" and the highest part of the parking structure will be 58' 11". The project density will be 45.76 dwelling units per acre. There will be a minimum setback of 90' to the east, between the back fences of the homes along Spurgeon and the apartment building. In some areas the building setback is as much as 200' due to the placement of the east courtyards. On the south side of the site, there will be a 136' 8" setback. Extensive landscape will be provided along the perimeter of the site and all existing trees currently at the eastern edge and along Edgewood will be maintained in place. Access to the South Lot will be via a right-in/right-out driveway on Main Street. Access to the project will be via a signalized intersection at Main Street/Walkie Way. There will be no access for the residents or Cube patrons on Edgewood. The project applications include a General Plan Amendment, Zone Change, Environmental Impact Report and Development Agreement. The project will provide approximately; $3.6 million in affordable housing in -lieu fees, $2.9 million in development fees, and $687,502 net revenue for first year, resulting in a first -year revenue totaling approximately $7.3 million to the City. Over 25 years, the total net City revenue from the project will be approximately $24.5 million.