4_Exhibit B - Laserfiche WebLink

B-20 | City of Pleasanton Sites Inventory and Methodology Area 2 - Stoneridge Shopping Center Location: 1008, 1300, 1400, 1500, 1600, & 1700 Stoneridge Mall Road APN: 941 120109200, 941 120109500, 941 120109403, 941 120102800, 941 120102900, 941 120103006 Current General Plan Designation: Retail/Highway/Service Commercial Business and Professional Offices Current Zoning Designation: Regional Commercial District [C-R(m)] and Planned Unit Development – Mixed Use (PUD-MU) Lot Size (or portion of property proposed for development): 74.57 acres, 18.00 acres would be developed with housing (18 acres is in addition to the 10 acres currently zoned for housing (PUD-MU zoning)). Proposed General Plan Designation: Housing Element Overlay [Image to be updated after Framework planning effort is completed] Potential Number of Housing Units: Between 900 units (50 DUA) and 1,440 units (80 DUA) (note – this area is exclusive of the currently zoned PUD- MU areas that allow housing at 40 units per acre) [Maximum density may be adjusted based on City Council direction] 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). Four 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 totaling 10 acres 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. In August 2022, the City engaged a professional services team to undertake a “Framework” planning effort for the Mall, which will create policy and planning guidance for future residential projects and other redevelopment. This effort has included close coordination with property owners and a number of public meetings to formulate feasible redevelopment concepts. The adoption of initial Framework components, anticipated to be completed in January 2023, is the first step in the comprehensive planning for the site as discussed in Housing Element Program 1.7. Key Considerations and Feasibility for Site Development: The site is within ¼ to ½ mile of the West Dublin/Pleasanton BART station, and a ¼ 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. The Shopping Center is currently parked at a ratio of