RES 231358 - Laserfiche WebLink

Exhibit A3 6 uses. Evidence based on data as to declining retail sales at the shopping center including two anchor store vacancies (one since 2018 and the other since 2021), high turnover of smaller tenant spaces, and established transition to on-line shopping. During the most recent five years when information is available (2017 to 2022), 151 of the 345 business licenses issued for stores or restaurants at the mall were not renewed by those same businesses. Evidence based on parking analysis conducted by the City finding a surplus of between 1,300 and 1,600 parking spaces (based on a ratio of 5 spaces per/1,000 square feet of retail development where the Pleasanton Municipal Code requires 3 spaces/1,000). And, further evidence through the City’s authorized expenditure of $176,400 in 2022 to engage a professional services team to create an initial Framework concepts document based on input from the public and from each of the four property owners; and support from the majority of the owners on a series of guiding principles for development, including with respect to developing housing at the Mall, and adoption of that document by the City Council in January 2023. • Area 5 - Laborer Council: Evidence through communication with representatives of the property owner, a labor union, affirmative interest in redeveloping the site with residential use, and by the demand for office use having decreased over recent years. Further evidence in work by the City to develop a sample site plan for this site (among other select sites), to demonstrate the feasibility of developing the site at the proposed density (Attachment 1) while meeting the City’s development standards. • Area 6: Signature Center: Evidence through communication with representatives of the property owner, indicating affirmative interest in developing approximately 11 acres of the site with high density housing, including submittal of conceptual site plans (Attachment 2). Further evidenced through the ability to retain the existing office uses on the site and there being adequate land to accommodate an infill housing project, thus improving the overall feasibility of the proposal. • Area 7: Hacienda Terrace: Evidence through communication with representatives of the property owner, indicating affirmative interest in developing approximately 2 acres of the site with high density housing on a portion of the site currently used for parking, which is