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DBA No. 2020-01/SPR No. 2020-01/SPR No. 2020-02/VAR No. 2020-05/TPM No. 2020-02 Third & Broadway Mixed -Use Development September 28, 2020 Page 3 Project Description The project proposes demolition of the City -owned public parking structure at 201 West Third Street and construction of a mixed -use development and hotel on two sites (Exhibits 3 through 9). In addition, Sycamore Street would be reconstructed between Third and Fourth Streets. A full description of each building's conformance to development standards is provided in Exhibit 10 to this staff report. Table 2: Project Summary Units/Rooms 171 units 75 rooms Building Square 197,726 SF _ 63,069 SF Foots a SF) Unit Mix/Room 95 studios 66 standard rooms 51 one -bedrooms 9 suites _ 25 two -bedrooms Unit SF 547 to 722 SF one -bedrooms 418 to 527 SF standard rooms 625 to 968 SF one -bedrooms 855 SF suites 1,002 to 1,637 two-bedrooms/penthouse Commercial SF 13,419 SF 520 to 3,692 SF units N/A Hei ht & Stories 16 stories, 193'-10" 10-stories Parking 196 spaces _ 83 spaces 1 space/1 bedroom and 2 spaces/2 bedroom 1 space per room + 1 space per 10 rooms Open Space/ 181 floor: 731 SF lobby and 727 SF lobby 15t floor: 4,046 SF lobby Amenities 31d floor: 1,184 SF public outdoor deck 3'" floor: 734 sf public outdoor area 4th floor: 731 SF fitness room, 730 SF outdoor deck 4th 6th 8th floors: 287 SF guest terrace 5th floor: 733 SF event space, 3,901 outdoor deck 5th 9th floors: 287 SF amenity space 161h floor: 2,925 SF rooftop pool deck 711 floor: 287 SF meeting room 10th floor: 3,722 SF seating area, 853 SF meeting room and 287 SF terrace Parking A total of 490 parking spaces will be provided for the entire development: 211 public parking spaces, 196 residential parking spaces, 83 hotel parking spaces (41 standard spaces and 42 mechanical stacker (lift) spaces). Vehicular access to the public, residential, reserved hotel valet parking, and mechanical stackers (lifts) will be from a City alley immediately north of the site between Third and Fourth streets. Pedestrian access to and from the parking structure is provided from stairs and an elevator that lead to a lobby that is accessible from Sycamore Street. A hotel valet parking drop-off zone will be on Sycamore Street immediately adjacent to the hotel lobby. One subterranean level of parking below Sycamore Street will span the entire development site, and eight levels of above -grade parking will be provided. The lower levels of the parking structure (Levels P1 through 5) are reserved for 211 public parking spaces and 37 hotel valet parking spaces. The upper levels of the parking structure (Levels 5 through 8, 196 spaces total) are reserved for the residential development. A total of 83 hotel parking spaces will be provided through a combination of 42 parking lifts, 4 ADA parking spaces, and the 37 reserved valet parking spaces within the adjacent parking structure (Levels P1, 4 and 5). 75A-45