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EIR No. 2018-01, DA No. 2018-01, GPA No. 2018-06, AA No. 2018-10 2525 North Main Street November 19, 2019 Page 5 ANALYSIS OF THE ISSUES Project Description The applicant proposes to demolish the existing office building and develop a 256-unit multi -family residential development and surface level parking on the site. The modified project includes a lot line adjustment to create two separate lots. The residential lot will be approximately 4.4 acres in size with the shared parking lot parcel being 1.4 acres. The lot line adjustment is a ministerial process, with no Planning Commission or City Council action required. The residential project is proposed at a density of 58 dwelling units per acre which is derived by calculating the number of units by the net size of the residential property (4.4 acres). This project would result in approximately 444,534 square feet of development (277,281 square feet of residential building and 167,253 square feet of parking structure). The maximum floor area ratio for the subject site will be 1.43 which is derived by calculating the square footage of the gross building square footage (residential development and common open space rooms, excluding the parking structure square footage) by net size of the property. The modified project includes surface level parking lots along the eastern and southern sections of the site. A new driveway on Main Street will provide access to the parking lots with right -in and right -out only turn movements. The east parking lot will be dedicated to the residential development (104 spaces) and is accessible either through the parking structure or via a rolling gate that separates the two lots. The parking structure, in conjunction with the surface parking lot, results in a parking ratio of 2 spaces per unit. The south parking lot is proposed to be used by the Discovery Cube (180 spaces). Use of the south parking lot is not required to satisfy the parking demand for the project but is considered to be surplus parking. Use of the parking lot would be managed through a shared parking and reciprocal access agreement. The proposed hours of use for the Discovery Cube southern parking lot are 10 a.m. to 7 p.m. with residents being able to utilize the spaces after 7 p.m. The unit mix is a maximum of 70 percent studio and one -bedroom units and 30 percent two and three -bedroom units. The project proposes 21 different floor plans with an average unit size of 763 square feet. The unit breakdown can be found on Table 2 below. Table 2: Unit Mix and Unit Square Footage Unit Type Number of Units (%) Square Footage of Units Studios 74 29% 556 - 592 One -Bedrooms 103 40% 633 - 930 Two -Bedrooms 75 29% 909 - 1,179 Three -Bedrooms 4 2% 1,362 Total 256 100 556-1,362 The residential portion of the building will tier from 2-stories in height (24-feet 8-inches) to 3-stories in height (36-feet 9 inches) to 4-stories (49-feet 5-inches) in height along the eastern edge of the