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Recognizing this interest and potential for strategic redevelopment and investment at the mall, the 2021-2022 City Council Work Plan includes an item to develop a framework to guide land use and other decision-making, and which would outline the community's expectations, allowed uses, and public amenities and amenities that would be required in conjunction with new development. The item is identified as Priority B, meaning that work would begin in the second year of the work plan period (i.e., this fiscal year). With active owner interest, changing market conditions, and particularly with the consideration of a significant increment of new housing likely to be reflected in the Housing Element, staff believes is it appropriate and prudent to move forward with the framework effort in the near term. DISCUSSION Framework Purpose and Goals As described above, the purpose of the Stoneridge Mall Framework is to provide initial policy guidance and conceptual planning for the mall, focused on the "inner" mall area including the mall buildings and surrounding parking fields. A focus of the Framework will be to establish the distribution and integration of future housing development (as reflected in the Housing Element) along with other future and redeveloped commercial uses. The profile of these uses is likely to differ from the retail- dominated mall, and reflect a mixed-use concept, integrating both residential and commercial components, a more pedestrian-scaled environment, public and private open spaces, structured parking, and new circulation components. The Framework will be the first step towards future, more detailed planning efforts, which may be in the form of a Specific Plan or Master Plan but could also include incorporate more detailed implementation documents such as an infrastructure financing plan and other related Municipal Code Amendments. The Framework will also provide an opportunity to bring the mall's various property owner interests together, understand their development goals, and work with the owners to outline a feasible development program that balances those goals with those of the City and the community. Staff has contacted representatives of all four property owners, each of whom have expressed willingness and enthusiasm about participating in the process. Key outcomes of the study and framework will include: • Conceptual diagrams reflecting desired land use, circulation, and infrastructure, including conceptual building/structure placement, multimodal transportation connections, and public and private open space/community amenities. • Identification of key placemaking strategies and concepts. • Identification of constraints and any limiting factors for development, including land use adjacencies, traffic, and infrastructure constraints. Page 4 of 8