75A - PH- RESO ONE BROADWAY PLAZA

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GPA No. 2020-01 & ZOA No. 2020-02 1109 North Broadway April 21, 2020 Page 2 DISCUSSION Michael Harrah, representing Caribou Industries, is requesting approval of a general plan amendment and zoning ordinance amendment to allow the construction of a mixed -use structure consisting of office, residential, entertainment and retail uses at 1109 North Broadway. Specifically, the changes to the general plan and zoning will allow residential uses within the entitled office structure. If approved, the project will contain no less than 200,000 square feet of office and commercial space and a maximum of 415 residential apartment units encompassing about 318,000 square feet of floor area. In 2004, Caribou Industries received entitlements for a 37-story, 493-foot-tall office tower consisting of 518,003 square feet of floor area. The project included 490,003 square feet of office space, 10,000 square feet of retail space and 18,000 square feet of restaurant dining area. Due to numerous economic considerations, the applicant was unable to move forward with the construction of the office tower. In conjunction with the approval of the original project, the City Council also approved a development agreement between the City and the Applicant to facilitate the development of the project. However, all the terms of the development agreement are no longer applicable to the project as the agreement expired in 2012 and was never extended. The Applicant is entitled to build out the Project that was previously approved and as stipulate in the existing SD-75. The applicant is now proposing to amend the SD-75 zoning document and the general plan list of allowable uses for the property to include residential uses at the site and to allow up to 415 residential units within approximately 19 floors of the building. The remaining space and stories will be used as office space, commercial and restaurant areas, and residential amenities. Other than the proposed changes described above, the original approval remains in place and will carry through for this revised project. Of the development's maximum 415 units, no more than 80 percent will be devoted to studios and one -bedroom units, with 20 percent dedicated to the larger two and three -bedroom units. Units will range in average sizes from 500 square feet for the studio units up to approximately 1,258 square feet for the three -bedroom units. The project will incorporate several different floor plans that will be finalized once a residential partner is secured. A nine -level freestanding parking structure (one sublevel and eight levels above ground) with a height of 78 feet was approved in 2004 with the original project entitlements. A total of 2,463 parking spaces are proposed within this structure. Approximately 3,200 square feet of retail/restaurant space will be provided on the ground level of the structure. The design of the structure will complement the proposed office tower, with the elevator bank incorporating the same glass that will be used on the tower. The overall parking proposed for the project will accommodate a minimum of 2 parking spaces for each residential unit, plus guest parking. Residential parking will be located behind security gates on the upper levels of the parking structure. After taking in the requirement for office and restaurant parking, a surplus of almost 400 parking spaces will be available. The One Broadway Plaza development project, which was previously approved by the City Council and affirmed by Santa Ana voters via a 2005 referendum, will enhance and provide a positive 75A-2