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The proposed project involves constructing up to three new multi-story buildings that would house a mix of R&D, office and laboratory uses, totaling approximately 381,000- square-feet, a parking structure, and related site improvements (e.g., landscape modifications, utility installation, stormwater treatment areas, etc.). The project is expected to develop over multiple phases, as seen in Attachment 2A in detail, Figure 2 later in this report, and described further below. Phase I, which the applicant would seek to develop in the near term (one- to two-years) includes the construction of an approximately 150,000-square-foot, two and three-story building (Building 1) at the northern portion of the subject site. This building would be 53-feet tall to the top of the parapet (65 feet tall with rooftop equipment screen). Approximately 483 surface parking spaces would be provided for Building 1 (equivalent to approximately 3.2 spaces per 1,000 sq. ft.). These parking spaces would utilize a portion of the existing surface-level parking lot on the subject site, which would be resurfaced/restriped and include upgraded lighting, landscaping, and new sidewalk access. Phase I would also include construction of a new plaza at the northeast portion of the subject site with pedestrian circulation connecting the proposed campus to Stoneridge Mall, BART, and adjacent office and residential developments, although this phase would be designed to facilitate pedestrian connections to internal open spaces (e.g.: a central campus courtyard with outdoor collaboration spaces for employees) and buildings developed in future phases of the project. The balance of the subject site would remain vacant under Phase I and be fenced temporarily and planted with native grasses. See Figure 3 below for additional detail. Subsequent phases, the timing of which is to be determined based on the business needs of 10x Genomics, but is expected to be complete by 2030, would include construction of up to an additional 231,000 square feet of building area within one or two additional buildings generally along the east side of the subject site. Attachment 2A shows these buildings in approximate locations, set back between 50 to 100 feet or more from all subject site frontages; however, Attachment 2A also shows a 32-foot minimum setback line, meaning these future buildings may be shifted anywhere within that minimum setback line as the applicant refines subsequent phases of their master plan. The applicant proposes the maximum height of these later phase buildings would be 67 feet to the top of the parapet (82 feet tall with rooftop equipment screen) (See Figure 12 later in this report for site section details). The later phases also include construction of a parking structure, providing 1,172 parking spaces, in six levels (five stories, plus rooftop parking) and 80 surface level parking spaces along the west side of the subject site. See Figure 4 below for additional detail. In the work session agenda report, staff indicated recorded agreements between the owners of the adjacent Stoneridge Mall and the subject site require minimum parking ratios of 4.0 spaces per 1,000 square feet to be provided on the subject site. However, the ratio required by the agreements is relatively high compared to the PMC's typical ratios for uses like those proposed and could potentially result in the project being 4