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7.A. - Page 18 of 41 _ September 13, 2019 Honorable Mayor Bain, Vice Mayor Howard, and Council Members c/o Mark E. Muenzer, Community Development & Transportation Director City of Redwood City Community Development Department 1017 Middlefield Road Redwood City, CA 94063 Dear Mayor Bain, Vice Mayor Howard, and Council Members, Lowe is pleased to present to the City of Redwood City a General Plan Amendment Initiation request for the below referenced properties (Site; APN (Acreage)): • Sequoia Station: 052-550-010, -070, -080, -090, -100, -110, -120, -130 (12 AC) • Perry Site: 052-323-010 (2.4 AC) • Transit Center: 052-352-010, 052-354-030 (1.6 AC Peninsula Corridor Jpb plus up to 1 AC of Winklebleck ROW), 052-354-010, -020 (0.4 AC, currently under discussion) THE OPPORTUNITY Sequoia Station Shopping Center is a 12 -acre site in the downtown core of the Downtown Precise Plan, adjacent to the Redwood City Caltrain station, that has significant frontage along EI Camino Real. Sequoia Station is comprised of multiple parcels with multiple owners — a condition that has historically made its redevelopment challenging. Lowe has succeeded in creating a once -in -a - generation convergence of interests by the multiple property owners of Sequoia Station (Regency, Safeway, and SamTrans) to make redevelopment of this site a viable option. The opportunity is to turn an outdated, but pivotal transit -oriented development (TOD) site, into a vibrant downtown destination with activated retail, expanded commercial office space, and housing, adjacent to a major transit hub. The reimagined Sequoia Station will connect the community to the existing downtown core, the Caltrain station, and adjacent neighborhoods. It will include improved bike lanes, inviting open spaces, and new pedestrian -friendly retail streets while also providing the space needed to accommodate anticipated future Caltrain station upgrades and additional track right-of- way. The result will be a multi -modal, infill, mixed-use neighborhood connection that helps Redwood City secure its long-term spot as a premiere downtown destination on the Peninsula. Sequoia Station is within the Downtown Precise Plan, which was adopted in 2011 after many years of consideration and public input. Goals of the DTPP include (DTPP, p.14): Revive Downtown by creating a beautiful and memorable urban district interwoven with the City's identity ■ Actively encourage and promote the preservation of Redwood City's historic resources, and reduce the deferral judgement on how to preserve them as much as possible ■ Create a network of great public open space 1901 Harrison Street, Suite 1430, Oakland, California 94612 510.669.5882 www.lowe-re.com 212