2004-020 - Statement Overriding Considerations for the Property Located at One Broadway Plaza

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8 8 8 One Broadway Plaza Environmental Impact Report Findings and Facts in Support of Findings 3.0 ENVIRONMENTAL REVIEW PROCESS 3.1 PROJECT BACKGROUND AND OBJECTIVES The project site consists of an approximately 4.32 acre city block generally bounded by Washington Avenue to the north, Sycamore Street to the east, 10th Street to the south, and Broadway Street to the west. The One Broadway Plaza Project would consist of 545,124 square feet of office, retail and restaurant area. The project consists of a 37-story office building, 8- level parking structure (seven levels aboveground and one sublevel) and the rehabilitation of four existing structures into commercial office and restaurant uses. The One Broadway Plaza Project would be developed entirely on one City block. As part of the project, the City would abandon the segment of Sycamore Street between 10th Street and Washington Street to allow for construction of the office building and parking structure. Additionally, 10th Street would be converted from a two-way street to a one-way eastbound street and Washington Avenue would be converted from a two-way street to a one-way westbound street. The project would require the removal of three structures on the project site that are designated historically significant. One other existing structure on the project site designated historically significant would be retained in its present condition. A comprehensive design and landscape program would be implemented to unify the rehabilitated and retained structures on the project site with the other land use components of the One Broadway Plaza Project. The objectives ofthe proposed One Broadway Plaza project are: . To create a new City landmark by developing an office building with the height, scale and quality to serve as a central focal point of the Downtown Redevelopment Area ofthe City. . To provide a large quantity of Class A office space in a configuration suitable for acquisition of major, high-profile tenants. . To provide a large quantity of Class A office space in the immediate vicinity of the City Civic Center in order to attract major tenants needing to locate close to the government center ofthe County. . To provide a Class A office building attracting professional tenants who will support the cultural and business activities of the central city area of Santa Ana. . To provide for the public a world-class restaurant with unique 360 degree views that creates a destination point for visitors to Santa Ana. . To preserve and enhance the Broadway area by providing palm tree lined plazas which include extensive landscaping, public art and water features and serve as public gathering places. . To substantially increase employment opportunities within the City. Resolution No. 2004-020 Page 25 of 73