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5_Exhibit B_Resolution_Attachment 2
City of Pleasanton
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05-10
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5_Exhibit B_Resolution_Attachment 2
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5/4/2023 3:15:58 PM
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5/4/2023 3:12:34 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
5/10/2023
DESTRUCT DATE
15Y
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\BOARDS AND COMMISSIONS\PLANNING\AGENDA PACKETS\2020 - PRESENT\2023\05-10
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<br />Sites Inventory and Methodology City of Pleasanton | B-33 <br />property owners and a number of public meetings to formulate feasible redevelopment <br />concepts. The adoption of initial Framework components, anticipated to be completed in <br />January 2023, is the first step in the comprehensive planning for the site as discussed in <br />Housing Element Program 1.7. <br />Key Considerations and Feasibility for Site Development: <br />The site is within ¼ to ½ mile of the West Dublin/Pleasanton BART station, and a ¼ mile from <br />the freeway on ramp as well as within close proximity to a high concentration of <br />office/employment uses. <br />The Stoneridge Shopping Center has approximately 40 acres of surface parking, not <br />including the area already designed for housing. Staff has identified that there are <br />approximately 18 acres within the current surface parking lots that could realistically develop <br />with high density residential development, given that replacement parking and commercial <br />uses would also be integrated into these areas. The Shopping Center is currently parked at a <br />ratio of 5 spaces per 1,000 square feet, which far exceeds the typical retail parking ratio <br />established by the City’s Municipal Code, and indicating potential to redevelop existing <br />surface parking. All the current owners at the Shopping Center have identified interest in the <br />creation of a newly envisioned center creating a dynamic new neighborhood to complement <br />the existing and future mall uses. Simon, the largest property owner, has participated in <br />several other similar residential projects at their malls nationwide. The proximity to transit <br />would exempt housing development on the site from minimum parking requirements <br />consistent with AB 2097. <br /> <br /> <br /> <br /> <br /> <br /> <br />
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