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Pleasanton 2023-2031 Housing Element August 2023 Revisions Area 2 - Stoneridge Shopping Center Location: 1008, 1300, 1400, 1500, 1600, & 1700 Stoneridge Mall Road APN: 941 120109200, 941 fl ' 120109500, 941 120109403, 941 120102800, 941 120102900, 941 120103006 Current General Plan Designation: _ Retail/Highway/Service Commercial t Business and Professional Offices .� Current Zoning Designation: C Regional Commercial District [C- R(m)] and Planned Unit Development— Mixed Use (PUD- sTor+ewncEMnueEorvELoPn�rNr � '+ MW MW MU) Stoneridge Framework Components Lot Size (or portion of property proposed for development): 74.57 acres, 18.00 acres would be developed with housing (18 acres is in addition to the 10 acres currently zoned for housing (PUD-MU zoning); 3 acres of each of the six parcels that make up the Stoneridge Shopping Center will be rezoned to allow for housing). Proposed General Plan Designation: Housing Element Overlay Potential Number of Housing Units: Between 900 units (50 DUA) and 1,170 units (65 DUA) (note—this area is exclusive of the currently zoned PUD-MU areas that allow housing at 40 units per acre) Background and Description: The area within the loop created by Stoneridge Mall Road contains the Stoneridge Shopping Center. The shopping center comprises a number of two-story retail buildings with one parking garage (adjacent to the formerly Sears store); the remainder of the site is surface parking. It includes the smaller-scale tenant spaces (managed by Simon Properties) and five anchor department stores: JCPenney, two Macy's stores, and two vacant tenants (formerly Sears and Nordstrom). Four different owners control the land within the Shopping Center, with Simon Property Group the largest single owner. The previous Housing Element designated two areas of the shopping center totaling 10 acres for high density housing, in the southeast quadrant and northwest quadrant of the mall site. In year 2019, Simon Property Group received Design Review approval for a significant commercial expansion on the site of the former Sears retail space and parking structure, although construction of the project is currently on hold. The City is also PFE)GeSS n„ anhas approved an application for a 360-unit residential project on one of the sites designated for housing in the previous Housing Element. In August 2022, the City engaged a professional services team to undertake a "Framework" planning effort for the Mall, which will create policy and planning guidance for future Sites Inventory and Methodology City of Pleasanton I B-31