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Pleasanton 2023-2031 Housing Element August 2023 Revisions <br /> Area 18 - Valley Plaza <br /> Location: 1801, 1803, 1807, 1809, ' <br /> 1811 Santa Rita Road & 4295, M t <br /> 4285, 4303, 4305 Valley Avenue <br /> .� '� iw4•I�f'` <br /> APN: 946 329500202, 946 <br /> 329500600, 946 329500700, 946 <br /> 329500900, 946 329501000, 946 <br /> 329501100, 946 329501200, 946 •rj/�% = ` <br /> 329501300 <br /> Current General Plan <br /> A <br /> Designation: <br /> Retail/Highway/Service <br /> Commercial Business and <br /> Professional Offices " <br /> '11r 4 r ' <br /> Hatching represents portion for development <br /> Current Zoning Designation: Planned Unit Development— <br /> Commercial (PUD-C) <br /> Lot Size (or portion of property proposed for development): 7.81 acres, 5.5 acres would <br /> be developed for housing <br /> Proposed General Plan Designation: Housing Element Overlay <br /> Estimated Potential Number of Housing Units: <br /> Between 83 units (15 DUA) and 138 units (25 DUA) <br /> Background and Description: <br /> Valley Plaza shopping center is developed across eight parcels with six property owners. The <br /> shopping center includes five multi-tenant commercial buildings, two fast-food drive-thru <br /> restaurants and one restaurant in a standalone building. All parking within the center is <br /> surface parking. <br /> Key Considerations and Feasibility for Site Development: <br /> Valley Plaza was constructed in the 1970's and consists of eight commercial and office <br /> buildings. During the Housing Element process, staff received statements of interest from two <br /> of the six property owners, who together control ownership of approximately 80 percent of the <br /> center's acreage across four of the eight parcels. The property owners have indicated that <br /> they are interested in rezoning their properties to allow for future residential development. <br /> Indeed, the property owners shared a preliminary/concept plan with the City indicating <br /> interest in potential development of housing on the site. The preliminary/concept plan showed <br /> a substantial amount of housing, while still retaining some of the existing commercial uses. A <br /> mixed-use project is expected on this site to retain neighborhood-serving retail uses within <br /> the center. Although the redevelopment area comprises over seven acres, to accommodate <br /> replacement commercial uses, only 5.5 acres are identified as the housing site. <br /> Sites Inventory and Methodology City of Pleasanton I B-41 <br />