AgdaPkt 2017-08-28 Joint SA PFA - Laserfiche WebLink

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REPORT To the Honorable Mayor and City Council From the City Manager August 28, 2017 SUBJECT Study session regarding retail and hotel opportunities for the Downtown Precise Plan Area RECOMMENDATION Receive report and provide feedback BACKGROUND The Downtown Precise Plan (DTPP) was adopted by the City Council on January 24, 2011. Established to orchestrate private and public investment in Downtown Redwood City, it is the primary means of regulating land use and development within the Precise Plan Area, and the mechanism for planning City actions and investments in support of the growth of the Downtown. The DTPP area consists of approximately 183 acres within the City’s historic center, and is generally bounded on the north by Veteran’s Boulevard, on the east by Maple Street and the western edge of the Kaiser Permanente Hospital campus, to the southwest by properties located southwesterly of El Camino Real, and to the northwest by Brewster Avenue. The DTPP has established “maximum allowable development” regulations for the four allowed development categories: residential, office, retail and lodging (hotel). The maximum allowable development standards are commonly referred to as the “development caps.” The development cap for each of the four categories is as follows: · Residential – 2,500 net new units (375 of which must be affordable) · Office – 500,000 net new square feet · Retail – 100,000 net new square feet · Hotel – 200 net new hotel rooms One office building has been completed (900 Middlefield Road) and three others are currently under construction. There is very little remaining square footage allowable in the office category. Approximately 90% of allowed residential units have been approved and/or constructed. No new hotel rooms have been approved or constructed, and all 9.A - Page 1