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HomeMy WebLinkAboutPowerPoint Presentation 60A FIRST AMERICAN TITLE 60ADecember 3, 2019Street th 114 and 117 E. 501-DBA No. 201901 & -SPR No. 2019 DEVELOPMENTUSE -CO. MIXED 2)Agreement (DBABonus and Density Plan Review Requires approval of a Site parking to the west.south, and commercial and to the east, commercial to the use and parking -north, mixedand surface parking to the Surrounded by commercial PlanDistrict Center (DC) General zone-Downtown sub84), -Transit Zoning Code (SD PROJECT DESCRIPTION 3 332 parking spaces (1.51 spaces per unit)run, landscaping, etc.)Onsite amenities (plaza, roof deck, courtyard, dog 12,350 sq. ft. commercial spacerate units-209 marketlow income households)-11 affordable units onsite (veryUp to 220 residential units (196 on Site A; 24 on Site B) 4 Site Plan 5 Fourth & Bush Perspective 6 Fifth & Bush Perspective COMMUNITY PARTICIPATION 7 are finalized preservation groups before demolition and when feasibility reports Conditions of approval will require notification to City and local feasibly incorporated into the buildingpreserved and could be -revealed that the facades were wellFifth and Main streets (approx. 100 feet total) if careful demolition presented option to preserve about 50 feet of facades on Developer valueonsite buildings or features of 2019 to identify options to preserving 1 and 21, October Applicant and local historic preservation groups met on study session on Oc. 14, 2019-WorkOct. 28, 2019Planning Commission public hearings on Sept. 23, 2019 and  8 Original Design 9 RenderingPreservation Alternative 10 Original Design 11 RenderingPreservation Alternative PROJECT ANALYSIS 12 through onsite valet and offsite parking agreementsParking Management Plan will provide for parking alternatives Rooftop amenity and deck overlooking Main StreetPlaza at Fourth and Bush streetsVariety of open spaces providedjobsdirect, indirect, or induced new 68 permanent new jobs and 892 periodyear -the project over a 25million net positive new General Fund revenues associated with $12.8 Economic impacts include:needsadditional mezzanine square footage based on tenant Interior second floor of commercial can be reconfigured with Project will add up to 220 new residential units to Downtown PROJECT ANALYSIS 13and analysis of the 2010 Transit Zoning Code EIR document as the development falls within the scope that an EIR Addendum is the required environmental Environmental analysis of the development indicates staff report plan that are attached to the parking management proactively prepared a parking study and Applicant incentive or concessioneligible to seek a California State Density Bonus Law 11 onsite affordable units makes the project Providing Zoning Code and the Housing Opportunity OrdinanceProject meets the goals and objectives of the Transit  RECOMMENDATION 14 01-2019approve Density Bonus Agreement No. 01 as conditioned and -Review No. 2019Adopt a resolution approving Site Plan Monitoring and Reporting Program;a Mitigation adopt -reEIR and 2010 the the 2019 Addendum to Approve and adopt  15 ONSITE PARKING REQUIREMENTS 16 332 spaces 325 spaces504 spacesrequiredTotalspaces)1/400 sq. ft. (31 spaces)1/400 sq. ft. (31 spaces)1/400 sq. ft. (31 (commercial)Residential -NonN/AN/A0.15 (33 spaces)unitper residential Guest parking spaces)br unit (301 -per 2br unit, 2 -studio/1At least 1 perunit (294 spaces)br -unit, 2 per 2br -studio/11 perspaces)2.0 (440unitPer residential ProvidedLawStateRequired by Required by CityParking Type PARKING MANAGEMENT PLAN 17 up to 2.19 parking spaces per unit, exceeding the Options raise effective parking ratio from 1.51 to extra 70 spaces –Offsite parking spaces extra 80 spaces–Onsite valet (stacking) Options include:found to be insufficientadditional parking, in the event onsite parking is Provides specific details and tools to provide conjunction with the project’s parking studyParking Management Plan was prepared in 