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<br /> ~'-- <br />Zoning District Housing Permitted? Requirements <br />- <br /> Yes Permitted on 2nd floor or <br />Central Business Retail ("CBR") above; Use Permit required <br /> for 1 51 floor <br /> Permitted only on 2nd floor or <br />Central Business ("CB") Yes above <br />General Commercial - Residential Requires Planned <br />("CG-R") Yes Development Permit <br />Multi-family - High Density Permitted as long as meet <br />Residential ("R-5") Yes density requirements <br />Central Administrative ("CA") No -- <br /> - <br />Public Facilities ("PF") No -- <br /> <br />..,. 'j ¡ <br /> <br />Over the last five years, there has been very few housing units built in the downtown area. <br />In fact, only the City Center Plaza (81 units assisted by the Redevelopment Agency) has <br />been constructed. The Franklin Street project (507 units) is the most recent residential <br />project planned for the fringes of the downtown. <br /> <br />Pending Project <br />The project proposed at 500 Arguello Street is located in the Central Administrative Zoning <br />District ("CA"). That district does not allow residential units. If the developer were to <br />construct housing on that site, it would require a Zoning Text and General Plan <br />Amendment (requiring several public hearings before the Planning Commission and City <br />Council), an Environmental Assessment, and design review. The planning process would <br />take about 4 - 6 months. <br /> <br />If the developer constructs an office complex on the site, the process is substantially <br />simpler since office is already permitted. It would require only one public hearing before <br />the Planning Commission to review the Environmental Assessment, and design review. <br />The planning process would take about 3 to 4 months. <br /> <br />Public Policy Issues <br />The Council will need to weigh the implications of any land use change to promote housing <br />or it may decide that there is already enough land in the downtown zoned for housing. <br />Approximately 60% of the downtown land is already zoned for residential uses. <br /> <br />A change in land use such as amending the "CA" zone to allow housing or establishing a <br />housing overlay district could certainly create the potential of more housing in or near the <br />downtown. However, in the current economy, developers who have a choice between <br />