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7 <br /> <br />uses. Evidence based on data as to declining retail sales at the shopping center <br />including two anchor store vacancies (one since 2018 and the other since 2021), high <br />turnover of smaller tenant spaces, and established transition to on-line shopping. During <br />the most recent five years when information is available (2017 to 2022), 151 of the 345 <br />business licenses issued for stores or restaurants at the mall were not renewed by <br />those same businesses. Evidence based on parking analysis conducted by the City <br />finding a surplus of between 1,300 and 1,600 parking spaces (based on a ratio of 5 <br />spaces per/1,000 square feet of retail development where the Pleasanton Municipal <br />Code requires 3 spaces/1,000). And, further evidence through the City’s authorized <br />expenditure of $176,400 in 2022 to engage a professional services team to create an <br />initial Framework concepts document based on input from the public and from each of <br />the four property owners; and support from the majority of the owners on a series of <br />guiding principles for development, including with respect to developing housing at the <br />Mall, and adoption of that document by the City Council in January 2023. <br /> <br />• Area 5 - Laborer Council: Evidence through communication with representatives of the <br />property owner, a labor union, affirmative interest in redeveloping the site with <br />residential use, and by the demand for office use having decreased over recent years. <br />Further evidence in work by the City to develop a sample site plan for this site (among <br />other select sites), to demonstrate the feasibility of developing the site at the proposed <br />density (Attachment 1) while meeting the City’s development standards. <br /> <br />• Area 6: Signature Center: Evidence through communication with representatives of the <br />property owner, indicating affirmative interest in developing approximately 11 acres of <br />the site with high density housing, including submittal of conceptual site plans <br />(Attachment 2). Further evidenced through the ability to retain the existing office uses <br />on the site and there being adequate land to accommodate an infill housing project, <br />thus improving the overall feasibility of the proposal. <br /> <br />• Area 7: Hacienda Terrace: Evidence through communication with representatives of the <br />property owner, indicating affirmative interest in developing approximately 2 acres of the <br />site with high density housing on a portion of the site currently used for parking, which is