RES 17976 - Laserfiche WebLink

would be developed with hotel (132,000 square feet), club retail (148,000 square feet), and general retail (5,000 square feet)uses; and one or more future development phases. Table 1 summarizes the characteristics of development assumed to take place during Phase I and future development phases. "Full Buildout" as presented in Table 1 and analyzed in the SEIR, includes Phase I assumptions as well as future development phases, and represents the maximum assumed level of development within the entire area of the proposed Zone. TABLE 1 SUMMARY OF ZONE DEVELOPMENT CHARACTERISTICS Existing Phase I Development Land Use or Other Characteristic Unit Development (Parcels 6,9,and 10) Full Buildoutl Employees Jobs 369 610 678 General Retail Square Feet 38,903 43,903 227,940 • • Club Retail Square Feet - 148,000 148,000 Commercial Service Square Feet 123,165 123,165 - Office Square Feet 15,070 15,070 - Industrial Square Feet 27,550 27,550 27,550 Hotel Square Feet - 132,0002 132,0002 Institutional/Religious Square Feet 20,000 20,000 - Total new gross building space Square Feet - 285,000 310,802 Total gross building space Square Feet 224,688 509,688 535,490 1 Inclusive of all phases of development,including Phase I. 3 231 rooms(previously 140 to 150 rooms). Ac=Acres SF=Square Feet Source:Final EIR(City of Pleasanton,2016) The level of actual development within the area of the proposed Zone may ultimately be less than assumed in the SEIR. 2. Zone Objectives The Zone is a pilot economic development zone designed to establish a vision and policy framework for the area with the purpose of encouraging investment in a highly-visible part of the City. The Zone is the first economic development zone proposed by the City and is anticipated to be a model for future economic development zones. The following are the objectives for the Zone and associated General Plan Amendment and rezonings, as presented in the SEIR: 1. Provide a consistent framework for the City's review and approval of new uses and projects in the area of the proposed Zone, encouraging investment in and adding value to these properties; 2. Maximize the benefits of the location of the area of the proposed Zone as an infill site located along transportation corridors and near transit by encouraging the development of both locally and regionally accessible uses in the area of the proposed Zone; and 6