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CUP No. 04 -24, DA No <br />VA No. 04 -11, ZOA No <br />November 22, 2004 <br />Page 2 <br />Property Description <br />04 -03, TTM No. 04 -05, <br />04 -05 and SPR No. 04 -06 <br />The MacArthur Place development is a master planned, 62 -acre mixed -use <br />development located on MacArthur Boulevard between Main Street and the <br />Newport -Costa Mesa (SR -55) Freeway. The approved specific development <br />plan allowed approximately 4,000,000 square feet of development, <br />including retail, office and hotel uses and a maximum of 400 residential <br />units. <br />The subject site, located within the MacArthur Place development, is a <br />vacant, 3.1 -acre rectangular shaped parcel situated at the northeast <br />corner of MacArthur Boulevard and Imperial Promenade. Currently, <br />MacArthur Place is developed with approximately 894,000 square feet of <br />office uses, 20,000 square feet of retail space, a 7- story, 251 room <br />DoubleTree Hotel and 346 for -sale and rental residential units. <br />The project site is zoned Specific Development No. 43 (SD -43) and has a <br />General Plan land use designation of District Center (DC). Surrounding <br />land uses include several office buildings to the north, the Hutton <br />Center retail and office development to the south, a vacant parcel of <br />land proposed to be developed by First American Title as a parking <br />structure to the east, and a mixed use retail /residential project to the <br />west (Exhibits 1 and 2). <br />Project Description <br />Coastal Rim Properties is proposing the construction of Geneva Commons, <br />which includes both an 8- story, 84 -unit residential building and an 18- <br />story, 194 -unit high -rise condominium tower. The total number of lofts <br />and condominium units proposed for the project is 278. In addition, the <br />ground floor and podium levels will contain approximately 18,500 square <br />feet of retail, leasing office, recreation and fitness facilities for <br />the project (Exhibits 3, 4 and 5). <br />The 8 -story mid -rise building has been designed as a loft product, with <br />each unit having a two -story design. Three different floor plans are <br />proposed for this project, each consisting of two- bedrooms and two - <br />bathrooms. Table 1 on the following page provides a breakdown of the <br />units within the loft building. <br />