Laserfiche WebLink
First Street Apartments Project <br />Relocation Plan <br />III. RELOCATION RESOURCES <br />A. METHODOLOGY <br />For potential, replacement, commercial sites, a resource survey was initially conducted to <br />identify available units and lot space for rent within a five -mile radius from the Project site and <br />then expanding throughout Santa Ana. The following sources wereutilized: <br />Contacts with real estate /property management companies serving the community <br />Internet sources for rental opportunities, including the Multiple Listing Service <br />Classified rental listings from local newspapers and For Rent publications <br />B. REPLACEMENT COMMERCIAL SITES AVAILABILITY <br />All of the business owners indicated a desire to stay in Santa Ana, although one owner was open <br />to Fullerton or Anaheim. The businesses that are to be displaced should be able to relocate in the <br />Santa Ana area or surrounding communities. When searching for replacement locations, zoning <br />and other regulatory issues must be considered carefully. The current availability of <br />commercial/retail/office space for lease in Santa Ana is adequate. <br />Table 3 below provides a sample of the 33 available commercial /retail /office properties <br />available in Santa Ana as of the date of this Plan. <br />Table 3: Available Commercial Replacement Sites <br />Property Type <br />Usage <br />Square Feet <br />Rent <br />Commercial <br />Commercial/Retail /Office (18) <br />600-2,000 <br />$0.80 - $2.25 /SF /mo. <br />Commercial <br />Commercial /Retail /Office (13) <br />2,800 —4,173 <br />$0.83 - $3.00 /SF /mo. <br />Commercial <br />Commercial /Retail /Office (2) <br />11,000 — 11,059 <br />$0.90 - $2.20 /SF /mo. <br />At the time of displacement, ongoing referrals to the businesses will be provided through <br />contacts with local newspapers, property management companies, the multiple listing service <br />and commercial real estate brokers. <br />A suitable replacement property for the cell tower two parcels away from the Project site has <br />been identified by Sprint and the Developer. Preliminary conversations with the current long- <br />term lessee of the site have been initiated with favorable results, and the City has been contacted <br />and confirmed the site would be approved for cell tower usage. <br />55F -15 <br />