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<br />Sheppard, Mullin, Richter & Hampton LLP <br />333 South Hope Street, 43rd Floor <br />Los Angeles, California 90071-1422 <br />213.620.1780 main <br />213.620.1398 fax <br />www.sheppardmullin.com <br /> <br /> <br />415.265.7868 direct <br />amerritt@sheppardmullin.com <br />January 18, 2022 <br />File Number: 49BH-343921 <br /> <br /> <br />VIA E-MAIL <br /> <br />City Council <br />City of Pleasanton <br />123 Main Street <br />Pleasanton, CA 94566 <br />citycouncil@cityofpleasantonca.gov <br /> <br />Re: January 18, 2022, City Council Meeting <br />Item 12: Housing Element Update: Sites Inventory <br /> <br /> <br />Dear Mayor Brown and Councilmembers: <br />We represent Macy’s, Inc. ("Macy's"), which owns an 11.6-acre parcel within the <br />Stoneridge Shopping Center, located at 1008–1700 Stoneridge Mall Road ("Stoneridge") <br />in the City of Pleasanton ("City"). Macy’s is partnering with Lowe (“Lowe”), which we <br />also represent, to explore potential redevelopment opportunities at Stoneridge. <br />Macy’s and Lowe write to submit comments on the City’s 2023–2031 (6th Cycle) <br />Housing Element Update, including the Preliminary Sites Inventory that will come <br />before you on January 18, 2022. As detailed below, we strongly support the inclusion of <br />Stoneridge (Site 2) in the Final Sites Inventory and in the CEQA analysis for the <br />Housing Element Update. As part of the Housing Element Update and the future <br />rezoning process, we also request that the City evaluate and adopt appropriate density, <br />parking, land use, and other development standards to ensure the economic feasibility <br />of future mixed-use development at Stoneridge. <br />1. Designation of Stoneridge as a Housing Site <br />Macy’s and Lowe strongly support the designation of Stoneridge (Site 2) for <br />high-density residential uses, as recommended by the Planning Commission, the