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<br />Sites Inventory and Methodology City of Pleasanton | B-33 <br />Area 18 - Valley Plaza <br />Location: 1801, 1803, 1807, 1809, <br />1811 Santa Rita Road & 4295, 4285, <br />4303, 4305 Valley Avenue <br />APN: 946 329500202, 946 <br />329500600, 946 329500700, 946 <br />329500900, 946 329501000, 946 <br />329501100, 946 329501200, 946 <br />329501300, <br />General Plan Designation: <br />Retail/Highway/Service Commercial <br />Business and Professional Offices <br />Current Zoning Designation: <br />Planned Unit Development – <br />Commercial (PUD-C) <br />Lot Size (or portion of property proposed for development): 7.81 acres, 5.5 acres <br />would be developed for housing <br />Estimated Potential Number of Housing Units: <br />Between 166 units (30 DUA) and 220 units (40 DUA) <br />Background and Description: <br />Valley Plaza shopping center is developed across eight parcels with six property owners. <br />The shopping center includes five multi-tenant commercial buildings, two fast-food drive- <br />thru restaurants and one restaurant in a standalone building. All parking within the center <br />is 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 <br />two of the six property owners, who together control ownership of approximately 80 <br />percent of the center’s acreage across four of the eight parcels. The property owners <br />have indicated that they are interested in rezoning their properties to allow for future <br />residential development. Staff is recommending a mixed-use project to retain <br />neighborhood-serving retail uses within the center. Although the redevelopment area <br />comprises over seven acres, to accommodate replacement commercial uses, only 5.5 <br />acres are identified as the housing site. <br />A service station is located to the southeast of the site. Other adjacent uses include <br />apartments and townhomes to the west, a two-story office building to the north (and <br />Mission Plaza further north), and medium-density residential uses consisting of <br />townhome and single-family development across Santa Rita Road to the east.