4_Exhibit B - Laserfiche WebLink

Sites Inventory and Methodology City of Pleasanton | B-29 Area 18 - Valley Plaza Location: 1801, 1803, 1807, 1809, 1811 Santa Rita Road & 4295, 4285, 4303, 4305 Valley Avenue APN: 946 329500202, 946 329500600, 946 329500700, 946 329500900, 946 329501000, 946 329501100, 946 329501200, 946 329501300 Current General Plan Designation: Retail/Highway/Service Commercial Business and Professional Offices Current Zoning Designation: Planned Unit Development – Commercial (PUD-C) Lot Size (or portion of property proposed for development): 7.81 acres, 5.5 acres would be developed for housing Proposed General Plan Designation: Housing Element Overlay Estimated Potential Number of Housing Units: Between 166 units (30 DUA) and 220 units (40 DUA) Background and Description: Valley Plaza shopping center is developed across eight parcels with six property owners. The shopping center includes five multi-tenant commercial buildings, two fast-food drive-thru restaurants and one restaurant in a standalone building. All parking within the center is surface parking. Key Considerations and Feasibility for Site Development: Valley Plaza was constructed in the 1970’s and consists of eight commercial and office buildings. During the Housing Element process, staff received statements of interest from two of the six property owners, who together control ownership of approximately 80 percent of the center’s acreage across four of the eight parcels. The property owners have indicated that they are interested in rezoning their properties to allow for future residential development. Indeed, the property owners shared a preliminary/concept plan with the City indicating interest in potential development of two different options: one that would provide 195 units, and another with 198 units, which are both approximately in the middle of the range identified by the City (the middle range is 193 units). A Mixed-use project is expected on this site to retain neighborhood-serving retail uses within the center. Although the redevelopment area comprises over seven acres, to accommodate replacement commercial uses, only 5.5 acres are identified as the housing site. A service station is located to the southeast of the site. Other adjacent uses include apartments and townhomes to the west, a two-story office building to the north (and Mission Plaza further north), and medium-density residential uses consisting of townhome and single-family development across Santa Rita Road to the east. Hatching represents portion for development