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<br />B-52 | City of Pleasanton Sites Inventory and Methodology <br />Area 29 - Oracle <br />Location: 5805 Owens Drive <br />APN: 941 277800305 <br />General Plan Designation: Mixed <br />Use/Business Park <br />Current Zoning Designation: <br />Planned Unit Development – <br />Industrial/Commercial-Office (PUD- <br />I/C-O) <br />Lot Size (or portion of property <br />proposed for development): <br />20.61 acres, with 3 acres proposed <br />to be used for housing <br />Proposed General Plan <br />Designation: Housing Element Overlay <br />Estimated Potential Number of Housing Units: <br />Between 150 units (50 DUA), 180 units (60 DUA), and <br />225 units (75 DUA) <br />Background and Description: <br />The site is currently developed with two five-story office buildings and a four-level parking <br />structure on the eastern portion of the property with an approximately 3-acre portion of the <br />site along the western side of the property vacant. <br />Key Considerations and Feasibility for Site Development: <br />The Oracle site consists of with two five-story office buildings and a four-level parking <br />structure built in 2009. The property owners have indicated they are interested in evaluating <br />the future development of their property and have identified a vacant approximately 3.0 acres <br />portion of the property along the western side directly adjacent to the BART parking lot <br />(another high-density site) as available and suitable for high-density residential development.; <br />more recent conversations with the property owner indicated potential interest in <br />redeveloping much more than the previously identified 3.0 acres into high-density housing. <br />The site is located within Hacienda with a high concentration of office employment and tall, <br />large buildings in the area. The site is directly adjacent to the BART and the 580-freeway. <br /> <br /> <br /> <br />Hatching represents portion for development. <br />Flexibility in the precise location of future <br />housing within the larger site is permitted per <br />Program 1.7.