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Richard M. Gollis, Principal <br />THE CONCORD GROUP <br />June 3, 2020 <br />Page 5 <br />Source: Goog/e Maps <br />The Project site consists of 10 parcels on the two blocks, separated by Mortimer Street. Excluded <br />from the Project site is a 2,887 square foot parcel currently used as an automotive repair shop <br />(Ming's Auto). <br />As shown in Figure 2, the 252,368 square foot (gross building area) Project would result in the <br />demolition of the existing improvements and construction featuring 169 market rate multifamily <br />units, 11,361 square feet of ground floor commercial space, and two parking structures. <br />On the western 400 block, currently a single parcel occupied by the Northgate Gonzalez Market, <br />the Developer is proposing a seven -story mixed -use building. The seven -story building will include <br />99 multifamily units, 7,514 square -feet of retail space, 3,847 square -feet of restaurant space, <br />8,007 square -feet of amenities, leasing, and deck space, and 17,989 square -feet of open space. <br />On the eastern 500 block of 4" Street, the remaining nine parcels would include a five -story <br />residential building and parking structure, with 70 multifamily units and 8,623 square -feet of open <br />space. <br />Figure 2: Site Plan <br />Fifth Sheet <br />Source: KTGY Group Inc., Red Oak Investments <br />There are currently 169 residential units planned for construction, the breakdown of which <br />includes 21 studio (12 percent of all units), 38 one -bedroom (22 percent), 66 two -bedroom (39 <br />percent), 9 three -bedroom (5 percent), and 35 four -bedroom (21 percent) units. Based on <br />occupancy rates from prior projects, RSG estimates 153 units will be occupied at any given time. <br />Figure 3 presents a rendering of the project as currently proposed: <br />75C-449 <br />