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DRAFT Redlines <br /> Housing Element Section 4B <br /> • Funding Source: Housing Division Budget, Planning Division Budget <br /> Program 1.7 <br /> Facilitate the development of the large Kiewit and Stoneridge Mall properties with housing by <br /> undertaking the following programs: <br /> 1. Stoneridge Mall: Prepare and adopt a Specific Plan, Master Plan-ar-_PUD plan or <br /> similar planning framework for development of the Stoneridge Mall property (Area 2), <br /> in cooperation with the various property owners, that incorporates housing at the <br /> amount and densities specified in the housing sites inventory, including lower-income <br /> housing, as well as complementary commercial uses. The goal of the planning effort <br /> is to create a vibrant mixed use and transit-oriented development that provides <br /> significant housing opportunities, including affordable housing, in proximity to <br /> employment, shopping and services, that is well connected to and incorporates <br /> multimodal transportation facilities. As a first step in this process, develop initial policy <br /> guidance for the mall through a "Framework" that will be the basis for future planning <br /> and a forum to develop consensus around a vision for the mall for the affected property <br /> owners and the community. <br /> 2 2. Kiewit Property: Either in conjunction with preparation of a Specific Plan for East <br /> Pleasanton, or within a more focused Master Plan or PUD plan for the 50-acre Kiewit <br /> area (Area 21), work with the property owner to develop and adopt or approve a <br /> conceptual plan, including housing at mixed densities, and a significant affordable <br /> housing component. The planning will take into account infrastructure, circulation, <br /> open space and amenities for residents, with the goal of creating a sustainable new <br /> neighborhood in Pleasanton. New public infrastructure (e.g., water, sewer, roadways <br /> etc.)will be necessary throughout the East Pleasanton Specific Plan (EPSP)area, and <br /> cost sharing of public infrastructure improvements is expected to occur among EPSP <br /> developers, anticipating the use of community facilities districts or similar financing <br /> structures. The plan will encourage a diversity of housing types and seek to include <br /> innovative missing-middle type and housing that can provide more compact units and <br /> some "entry-level" market-rate homeownership and/or rental housing units that are <br /> relatively affordable compared to larger units. Such affordable by design approaches <br /> are intended to achieve more housing that is affordable to first-time home buyers and <br /> other households that are unable to afford most newly-constructed market-rate <br /> housing in Pleasanton but do not qualify for below-market rate housing. <br /> 3. Other Sites Larger than 10 Acres(Hacienda Terrace, Metro 580 and Oracle)- Conduct <br /> outreach with the owners of these three properties to discuss development constraints <br /> and opportunities, and to provide technical and planning support to facilitate <br /> development and opportunities. Such discussion might focus on - modification of <br /> parking ratios / relief from replacement parking requirements for commercial uses <br />