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Mr. Jonathan Kohn January 27, 2011 Page 9 SUMMARY OF FINDINGS AND CONCLUSIONS Metroplace is an existing mixed-use retail development that consists of four (4) buildings with approximately 127,777 square-feet (SF) of floor area, of which 58,922 SF is a recently constructed, two-story mixed-use commercial building. The two-story building, currently occupied with 9,552 SF of restaurant/food uses, was originally built as a typical mixed-use commercial building with ground floor retail and/or restaurant uses and medical office space on the second floor. Due to changes in the retail and medical office market, Levy Affiliated Holdings proposes to occupy this building with a 42,770 SF health club (instead of medical and retail uses), with the remaining 16,152 SF floor area to be occupied by a mix of retail and restaurant uses. Given the I" floor of the Project was previously entitled as restaurant space, the 6,600 SF of vacant floor area was assessed as such to provide the project applicant with maximum flexibility when tenanting the vacant space. 2. Direct application of City parking codes to the existing and proposed mix of uses of Metroplace results in a total parking requirement of 1,340 parking spaces. With a proposed parking supply of 655 spaces, City parking requirements will not be satisfied. 3. The Shared Parking Analysis indicates that the proposed parking supply for Metroplace will be sufficient to meet the projected peak parking demands of existing and proposed mix of uses, including a 42,770 SF health club. 4. For a retail center project with 56,313 SF of retail (service) space with 4,200 SF of outdoor sales/storage area, 14,326 SF of restaurant uses, 4,876 SF fast-food restaurant space, 3,072 SF bank, a 2,220 SF childcare facility and a 42,770 SF health club, a peak parking demand of 608 spaces is forecast. Based on a proposed parking supply of 655 spaces, a surplus of 47 spaces is projected. 75A-30