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CORRESPONDANCE - 60A
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3/10/2020 12:12:41 PM
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1/21/2020 8:33:05 AM
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City Clerk
Item #
60A
Date
1/21/2020
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2525 Main St —The Compound Impact of ALREADY APPROVED Developments <br />Population and Vehicle Calculation Assumptions for APPROVED Developments <br />November, 2019 <br />NEW Residents <br />Apartments: 3678 units: 625 Studio / 1949 lbdrm / 883 2bdrm / 2213bdrm <br />1. Not having the unit mix and maximum tenants allowed per unit for each development plan iteration,/ used <br />what VDC proposed for The Addinaton at 347 units and confirmed at their 915119 communitv meetina: <br />a. 70% Studio/1 bdrm <br />i. 18% Studios - 2 people max/unit = 625 x 2 =1250 new neighbors <br />ii. 52% 1 bdrm - 2 people max/unit = 1949 x 2 = 3898 new neighbors <br />b. 30%2-3 bdrm <br />L 24% 2 bdrm - 4 people max/unit = 883 x 4 = 3532 new neighbors <br />ii. 6% 3bdrm - 5 people max /unit = 221 x 5 = 1105 new neighbors <br />Condos: 74 units: 37 2bdrm / 37 3bdrm <br />I used a 50/50 2 bdrm / 3 bdrm mix (given units for purchase tend to be larger) and the VDC tenant maximum proposed <br />for The Addington: <br />1. 50% 2 bdrm - 4 people max/unit = 37 x 4 = 148 new neighbors <br />2. 50% 3bdrm - 5 people mas/unit = 37 x 5 = 185 new neighbors <br />NEW Guests/Day <br />Hotels: 535 units <br />Hotel occupancy: 79% occupancy rate = .79 x 535 = 423 occupied rooms/night <br />• Supported by Bisnow's Orange County 2018 information: https://www.bisnow.com/orange- <br />county/news/hotel/report-orange-county-los-angeles-californias-hotel-market-continues-to-trend-upward- <br />91234 <br />o "In Orange County, the occupancy rate is 79% to 82% depending on the time and revenue per available <br />room is $155 to $161, according to CBRE." <br />• Total guests —1 person max/hotel room = 423 x 1 = 423 new guests <br />Total NEW Residents and Guests/day = 10,541 <br />ADDITIONAL Vehicles <br />Apartments/Condos <br />1. Studio/lbdrm — 2 vehicles x (625 + 1949 units) = 5148 additional vehicles <br />a. Assumption: For 2 tenant max units there will be 2 working and driving adults <br />2. 2 bdrm — 2 vehicles x (883 + 37 units) = 1840 additional vehicles <br />a. Assumption: For 4 tenant max units there will be 2 working and driving adults <br />3. 3 bdrm — 3 vehicles x (221 + 37) = 774 additional vehicles <br />a. Assumption: For 5 tenant max units there will be 3 working and driving adults <br />Hotel <br />1. Hotel rooms —1 vehicle for 80% of occupied hotel rooms —1 x (.8 x 423) = 338 additional vehicles <br />a. Assumption: Only 80% of occupied hotel rooms house a guest requiring a vehicle. <br />Total ADDITIONAL vehicles/day: 8100 <br />
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