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

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One Broadway Plaza Environmental Impact Report Findings and Facts in Support of Findings . 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 of the 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. . To provide an on-site parking structure that will serve the parking needed for the office building as well as providing needed additional parking for the public in the surrounding area. . To provide a project that contributes to the redevelopment and revitalization of the central city by acting as a catalyst for future improvements that foster entertainment, cultural and business activities and establish Santa Ana as a vibrant center of Orange County life. . To provide a substantial positive fiscal impact to the City which will contribute to the maintenance and improvement of public services. 6.3 MID-RANGE PROJECT ALTERNATIVE The Mid-Range Project Alternative assumes that a four story office building with a FAR of 1.5 would be developed on the project site. Based on the 1.5 FAR, approximately 282,269 square feet of commercial office space would be provided on the site. Currently, there are 75,272 square feet of existing development on the site. Therefore, 206,997 square feet of new commercial office space would be constructed under the Mid-Range Project Alternative. This square footage would be accommodated in a four-story building with 51,749 square feet (1.19 acre) per floor or multiple buildings with a total square footage of206,997 square feet. The Mid- Range Project Alternative assumes that some existing structures would be removed to provide space for the new office building(s). The Mid-Range Project Alternative could meet the following project objectives: Resolution No. 2004-020 Page 68 of 73