6 - Laserfiche WebLink

Figure 5: Initial PUD-136: Residential Only Project Site Plan - _ .i- 91-ONFItItY:1 N.-4•,4r ,. 1 Fitness Center Residential II1 } ! Garage i i 5 a ' taw t 4, ; Retail C cw. i t , i. 4: w AV14 tit ,' Nordstrom's I1 w' .�`°' _ Market,Cinema, * r r a '1 ' \ lI ` � Restaurants - % \ 1 l -: . ./ j Residential * i*-w 1t,, t r 1 ( ; _ , t ` r•, Retail Y I Garage Retail .,�� .--I 4 11001‘._ frialk �� / folk Stoneridge 'h "" ,, ,v Mall Shops �,." 1, i , }e i , - A- 71.1-A/ Macys41. ... After staffs initial review of the application and discussions between staff and the applicant, it was suggested that "re-thinking" the overall concept to consider a mixed-use project across the two adjacent sites could be beneficial. The change could allow for better integration of the residential and commercial components and an improved site plan; more logical placement of uses and buildings relative to each other- in particular, moving the six-story apartment building away from the main entry corner at the intersection of Stoneridge Mall Road and Stoneridge Mall Road would provide a better streetscape; and allow for better pedestrian connectivity and access throughout the site. The revised plan, however, would require a General Plan Amendment and Rezoning to allow residential units on the Sears site. Prior to moving forward with detailed design plans and further site analysis of the project, staff is seeking Planning Commission feedback on the mixed-use concept; and on preliminary site plan and massing, to determine if the General Plan Amendment and Rezoning could be supported. PUD-136 Workshop, Stoneridge Shopping Center Planning Commission 8 of 14 e levels of affordability. The amount of density bonus is calculated according to the following summary table: ' As part of the 2012 Housing Element Update, the City was required to update the Municipal Code to include a Density Bonus Ordinance to be consistent with State Density Bonus Law. PUD-136 Workshop, Stoneridge Shopping Center Planning Commission 5 of 14 owned properties, including Macy's Men's Store, Macy's Women's Store, JCPenney, Nordstrom, and Sears (recently closed and purchased by Simon Properties). The Stoneridge Mall is governed by a development agreement, amended since its original approval, which grants to the mall ownership vested rights to certain entitlements. In 1992, the City and The Taubman Company — original owners of the Stoneridge Mall — entered into a Development Agreement which granted rights to the mall to expand by 178,000 square feet. In January 1998, the City approved the first Amendment to the Development Agreement to further increase the Stoneridge Shopping Center by an additional 202,000 square feet, allowing for a total of 380,000 square feet of additional floor area. On April 21, 2018, the City Council approved an amendment to the Development Agreement to extend the term of the agreement until December 2022. PUD-136 Workshop, Stoneridge Shopping Center Planning Commission 2 of 14