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<br />12 <br /> <br /> <br />C. 6th Cycle Housing Element – Residential Development Allocations and <br />Housing Quantities <br />The 2023-2031 6th Cycle Housing Element anticipates up to 18 acres of the Stoneridge <br />properties to be redeveloped with housing, at a density of between 50 and 65 dwelling <br />units to the acre, for a maximum of 1,170 housing units. This total is exclusive of any <br />additional dwelling units for which an individual project may qualify under State Housing <br />Density Bonus law. <br />To ensure equity among the current ownership, each of the six legal parcels at the Mall <br />shall be initially allocated between 150 and 195 units (exclusive of any housing density <br />bonuses), based on 3 acres of redevelopment at between 50 and 65 dwelling <br />units/acre. This concept is illustrated in Figure 3 in Appendix 1, and summarized as <br />follows by APN. <br />Table 3: 6th Cycle Housing Element Allocations by Parcel <br />Address APN Property <br />Owner1 <br />Area <br />Designated <br />for Housing <br />Allowable <br />Density (Min- <br />Max) <br />Unit Range <br />(Min-Max) <br />1008 <br />Stoneridge <br />Mall Road <br />941 <br />12019403 <br />Stoneridge <br />Properties2 <br />3 acres 50-65 du/ac 150-195 units <br />1300 <br />Stoneridge <br />Mall Road <br />941 <br />120103006 <br />Pleasanton <br />Properties <br />3 acres 50-65 du/ac 150-195 units <br />1400 <br />Stoneridge <br />Mall Road <br />941 <br />120102800 <br />Stoneridge <br />Parcel LLC2 <br />3 acres 50-65 du/ac 150-195 units <br />1500 <br />Stoneridge <br />Mall Road <br />941 <br />120102900 <br />CTL Propco I <br />LLC <br />3 acres 50-65 du/ac 150-195 units <br />1600 <br />Stoneridge <br />Mall Road <br />941 <br />120109200 <br />Nordstrom <br />Inc. <br />3 acres 50-65 du/ac 150-195 units <br />1700 <br />Stoneridge <br />Mall Road <br />941 <br />120109500 <br />Stoneridge S <br />& S LLC2 <br />3 acres 50-65 du/ac 150-195 units <br />1. Per December 2022 Alameda County Assessors Record <br />2. An affiliated company/business entity of Simon Property Group <br />