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Area 2 - Stoneridge Shopping Center Location: 1008, 1300, 1400, 1500, 1600, & 1700 Stoneridge Mall Road APN: 941 120109200, 941 120109500, a' r % 941 120109403, 941 120102800, 941 ' 120102900, 941 120103006 General Plan Designation: Retail/Highway/Service Commercial V Business and Professional Offices . Current Zoning Designation: Regional •' , s , -. . s Commercial District[C-R(m)] and t Planned Unit Development—Mixed Use (PUD-MU) ' :� I� �,� Jo", ‘.• : N Lot Size(or portion of property • , proposed for development): 74.57 o� ) .. � _ , acres, 18.00 acres would be developed with housing. Estimated Potential Number of Housing Units: Between 900 units (50 DUA) and 1,440 units (80 DUA) (note—this excludes the PUD-MU zoned areas that allow an additional 400 units under existing zoning) Background and Description: The area within the loop created by Stoneridge Mall Road contains the Stoneridge Shopping Center. The shopping center comprises a number of two-story retail buildings with one parking garage (adjacent to the formerly Sears store); the remainder of the site is surface parking. It includes the smaller-scale tenant spaces (managed by Simon Properties) and five anchor department stores: JCPenney, two Macy's stores, and two vacant tenants (formerly Sears and Nordstrom). Several different owners control the land within the Shopping Center, with Simon Property Group the largest single owner. The previous Housing Element designated two areas of the shopping center for high density housing, in the southeast quadrant and northwest quadrant of the mall site. In year 2019, Simon Property Group received Design Review approval for a significant commercial expansion on the site of the former Sears retail space and parking structure, although construction of the project is currently on hold. The City is also processing an application for a 360-unit residential project on one of the sites designated for housing in the previous Housing Element. Key Considerations and Feasibility for Site Development: The site is within 1/4 to 1/2 mile of the West Dublin/Pleasanton BART station, and a 1/4 mile from the freeway on ramp as well as within close proximity to a high concentration of office/employment uses. The Stoneridge Shopping Center has approximately 40 acres of surface parking, not including the area already designed for housing. Staff has identified that there are approximately 18 acres within the current surface parking lots that could realistically develop with high density residential development, given that replacement parking and commercial uses would also be integrated into these areas. Several of the current owners at the Shopping Center have identified interest in the creation of a newly envisioned center creating a dynamic new neighborhood to complement the existing and future mall uses. Simon, the largest property owner, has participated in several other similar residential projects at their malls nationwide. Considerations for future projects would include the requirement to relocate any eliminated surface parking within new parking structures. Sites Inventory and Methodology City of Pleasanton I B-21