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Vision Statement and Guiding Principles for Development of the Stoneridge Mall <br />Framework Plan and Subsequent Rezoning of the Stoneridge Property (January 3, 2023): <br />Vision Statement: <br />Stoneridge shall continue to be a community destination and over time will evolve into a more vibrant <br />mixed-use community, with retail, housing, commercial, dining and entertainment activities that are strong <br />economic contributors to the City of Pleasanton. The City, in collaboration with the Stoneridge landowners, will <br />establish a new district that facilitates development of an integrated, sustainable, mixed-use neighborhood, <br />with well-connected walking, biking, vehicular and transit corridors throughout the property, and a range of <br />high-quality public and private gathering spaces and placemaking amenities. <br />Guiding Principles: <br /> Assure the long-term economic viability of Stoneridge as a regional and community destination <br />supporting the core mall shops and stores, with the addition of future housing, retail, commercial, and <br />park and open space uses on the site. <br /> Retain and/or expand job opportunities, property taxes, sales taxes and other amenities and benefits <br />Stoneridge offers the City and its residents. <br /> Integrate housing, retail, parking and other commercial uses in a cohesive manner, that respects and <br />supports adjacent land uses, while providing pedestrian mall entrances that are highly visible, <br />attractive and inviting. <br /> Design cohesive and well-planned pedestrian, bike, and vehicular circulation, with connections to the <br />surrounding neighborhoods and transit (including BART). <br /> Create thoughtful and integrated outdoor gathering and active and passive open spaces for <br />recreation, entertainment, gathering, reflection, placemaking and civic opportunities. <br /> Develop integrated parking solutions that are dispersed throughout the site and are convenient for a <br />variety of uses. Provide parking in both parking garages and surface parking within Stoneridge. <br />Shared parking will be explored and integrated as appropriate to support mixed uses, reduce traffic <br />and manage parking demand. <br /> Fairly distribute affordable housing amongst the landowners, with assurance that all affordable <br />housing r <br /> The Framework Plan and subsequent zoning will contemplate a variety of uses (including office and <br />hospitality) and densities, depending upon market demands and project economics, and in <br />recognition of the terms, conditions and restrictions set forth in the REA and other agreements, <br />easements and licenses between the landowners that govern development of Stoneridge. <br /> Landowners will work with each other, the City and the community to establish a more specific <br />framework and subsequent zoning district, which will identify locations and details for these land uses. <br /> Landowners may propose property line adjustments, transfer of housing units and shared uses (e.g., <br />parks and open spaces, parking and affordable housing solutions, roadways, and other project <br />features and amenities) to facilitate equitable, rational, feasible development patterns and phasing <br />that maximize opportunities for Stoneridge to be a regional destination for housing, shopping, dining, <br />work, and play.