AgdaPkt 2014-12-08 Closed and Joint SA

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9.B. - Page 8 MAD standards (current and proposed): Hotel Residential Units Office Space(sf) Retail Space(sf) (sf) Existing MAD 2,500 500,000 100,000 200 Net Entitled/Approved 1,385 198,539 584 0 Remaining Under Existing MAD 1,115 301,461 99,416 200 Proposed Conversion -740 (+) 168,930* -85,000 0 Remaining Balance After Conversion 375 470,391 14,416 sf 200 New Recommended MAD 1,760 668,930 15,000 200 * 33,780 sq. ft. of the total conversion would be dedicated to expansion to existing buildings, leaving 134,850 sf. of the conversion for new developments. Status of Existing Applications If approved, the proposed DTPP amendment would result in two projects currently in the pipeline being allowed to proceed under adjusted MAD limitations. There would also be a small remainder amount in case there are changes to the size of pipeline projects. The table below breaks down these pending projects and how they would be treated if the proposed amendment were approved (after complete environmental review). As indicated below, several applications could be processed under the existing MAD limitations or adjusted MAD limitations: Office SF Retail SF Project Address Status Process (gross) (gross) 2075 Broadway Proposed/Complete Existing MAD 175,000 5,000 601 Marshall Proposed/Complete Existing MAD 128,875 7,625 550 Allerton Proposed/Complete Adjusted MAD 69,846 0 815 Hamilton Proposed/Complete Adjusted MAD 54,743 12,308 There are several projects that have been submitted and are currently under review which will not "fit" within existing MAD limitations. These projects, as well as future applications, can proceed with an applicant driven environmental review and General Plan/DTPP amendment (at their own cost and risk) or wait until a Downtown Precise Plan Phase 2 is completed and if phase 2 would allow for more office square footage. A more detailed explanation of the processes is contained in the attached September 22, 2014 Council staff report.