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Item 23 - Density Bonus Agreement No. 2023-01: 4th and Grand (1212 E. Fourth Street)
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Item 23 - Density Bonus Agreement No. 2023-01: 4th and Grand (1212 E. Fourth Street)
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10/11/2023 4:17:12 PM
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Agenda Packet
Agency
Planning & Building
Item #
23
Date
10/17/2023
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standards, the project would need to be redesigned, resulting <br />in several impacts to the feasibility of the site's development. <br />These impacts would include a loss parking spaces; an <br />incompatible design and unbalanced composition of massing <br />the project site; and a smaller building footprint that would <br />reduce the building's interior floor area and individual unit <br />sizes and result in a loss of units. <br />In order to provide the required building size and massing <br />standards, the developer would be required to construct an <br />additional level, resulting in a different type of construction <br />(steel -frame versus wood), or build underground parking, <br />further increasing development costs and making the project <br />infeasible. <br />Open Space Standards (Waiver) <br />Pursuant to Section 41-2022 of the TZC, the residential <br />building is designed as Flex Block Building Type. This building <br />type requires common open space to be designed as a <br />courtyard or in the front as a forecourt, have it open to the sky, <br />and to be equal to 15-percent of the lot. Moreover, private <br />open space is required to be provided for each residential unit, <br />no less than 50 square feet with a minimum dimension of six <br />feet in each direction. The total common open space required <br />is 1,875 square feet and the total private open space required <br />is 750 square feet. <br />As proposed, the project provides 433 square feet of common <br />interior space, provided in the form of lobby space <br />(approximately 3.5-percent of lot) to be furnished (e.g., coffee <br />tables, chairs, lounge tables, etc.), where feasible. The project <br />also provides 591 square feet of private open space, in the <br />form of private decks for nine units. The gross site area and <br />existing site conditions severely restrict the ability for the <br />project to accommodate any common open space, and <br />restrict the ability to provide the fully required private open <br />space. Providing the required common open space standard <br />would lead to the elimination of three or more units, which <br />would affect the feasibility to construct the project. In order to <br />maintain the current proposed unit count, the developer would <br />be required to construct additional floor levels or required to <br />provide underground parking, which would further increase <br />development costs and make the project financially infeasible. <br />To help alleviate the common open space deficiency, the <br />project proposes an average of 40 square feet of private open <br />space per unit, through use of private balconies/decks. <br />Resolution No. 2023-XXX <br />Page 5 of 12 <br />
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