RES 231356 - Laserfiche WebLink

C. 6th Cycle Housing Element— Residential Development Allocations and Housing Quantities The 2023-2031 6th Cycle Housing Element anticipates up to 18 acres of the Stoneridge properties to be redeveloped with housing, at a density of between 50 and 65 dwelling units to the acre, for a maximum of 1,170 housing units. This total is exclusive of any additional dwelling units for which an individual project may qualify under State Housing Density Bonus law. To ensure equity among the current ownership, each of the six legal parcels at the Mall shall be initially allocated between 150 and 195 units (exclusive of any housing density bonuses), based on 3 acres of redevelopment at between 50 and 65 dwelling units/acre. This concept is illustrated in Figure 3 in Appendix 1, and summarized as follows by APN. Table 3: 6th Cycle Housing Element Allocations by Parcel Address APN Property Area Allowable Unit Range Owner' Designated Density(Min- (Min-Max) for Housing Max) 1008 941 Stoneridge 3 acres 50-65 du/ac 150-195 units Stoneridge 12019403 Properties2 Mall Road 1300 941 Pleasanton 3 acres 50-65 du/ac 150-195 units Stoneridge 120103006 Properties Mall Road 1400 941 Stoneridge 3 acres 50-65 du/ac 150-195 units Stoneridge 120102800 Parcel LLCz Mall Road 1500 941 CTL Propco 1 3 acres 50-65 du/ac 150-195 units Stoneridge 120102900 LLC Mall Road 1600 941 Nordstrom 3 acres 50-65 du/ac 150-195 units Stoneridge 120109200 Inc. Mall Road 1700 941 Stoneridge S 3 acres 50-65 du/ac 150-195 units Stoneridge 120109500 &S LLCz Mall Road 1. Per December 2022 Alameda County Assessors Record 2. An affiliated company/business entity of Simon Property Group The foregoing is considered an initial distribution only, and through the subsequent planning process, property owners may agree to and propose alternative distribution of 11