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Figure 2: Project Sites
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<br /> Housing Element Opportunity Site
<br /> In 2012, the City Council approved a General Plan Amendment and Rezoning for a 10-acre
<br /> portion of the central 29-acre mall site to Mixed Use with a minimum density of 40 residential
<br /> units per acre. The rezoning was part of a broader action to rezone a number of sites across
<br /> the City for higher-density housing, in conjunction with the State-mandated update of the City's
<br /> Housing Element. The rezoning of this site and others were analyzed pursuant to CEQA as
<br /> part of the Housing Element and Climate Action Plan General Plan Amendment and
<br /> Rezonings Supplemental Environmental Impact Report (Housing SEIR).
<br /> All Housing Element Housing Sites are required to adhere to the Housing Site Development
<br /> Standards and Design Guidelines (Design Guidelines). The subject site is identified as Site #3
<br /> in the Design Guidelines and has a minimum and maximum density of 40 dwelling units per
<br /> acre. The Design Guidelines are included in Exhibit B for reference.
<br /> As shown in Figure 3, the remaining 19 acres of the subject site as well as the rest of the mall
<br /> parcels retained the Retail/Highway/Service Commercial, Business and Professional Offices
<br /> General Plan Land Use designation and the C-R(M) — (Regional Commercial — Mall) zoning
<br /> designation which do not allow for residential uses.
<br /> PUD-136 Workshop, Stoneridge Shopping Center Planning Commission
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<br />rt of the overall mixed-
<br /> use retail/office/hotel development located in the northwest area of Pleasanton defined by
<br /> 1-580, 1-680, Stoneridge Drive, and Foothill Road. The area within the inner loop of Stoneridge
<br /> Mall Road is approximately 75 acres as shown in Figure 1. The central mall building,
<br /> containing a variety of restaurants, shops, and services, is owned by Simon Property Group
<br /> and is located on its approximately 29-acre property. Attached to and interconnected with the
<br /> central mall building are five department stores, each located on their separately owned
<br /> properties, including Macy's Men's Store, Macy's Women's Store, JCPenney, Nordstrom, and
<br /> Sears (recently closed and purchased by Simon Properties).
<br /> The Stoneridge Mall is governed by a development agreement, amended since its original
<br /> approval, which grants to the mall ownership vested rights to certain entitlements. In 1992, the
<br /> City and The Taubman Company — original owners of the Stoneridge Mall — entered into a
<br /> Development Agreement which granted rights to the mall to expand by 178,000 square feet. In
<br /> January 1998, the City approved the first Amendment to the Development Agreement to
<br /> further increase the Stoneridge Shopping Center by an additional 202,000 square feet,
<br /> allowing for a total of 380,000 square feet of additional floor area. On April 21, 2018, the City
<br /> Council approved an amendment to the Development Agreement to extend the term of the
<br /> agreement until December 2022.
<br /> PUD-136 Workshop, Stoneridge Shopping Center Planning Commission
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