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7.A. - Page 19 of 41 _ ARN't ■ Provide the choice of "convenience living" ■ Create the entertainment center of the Peninsula ■ Create a strong employment district and "vital center" ■ Make pedestrians a priority ■ Integrate transit and bicycle use ■ Provide 'just enough" parking and create a "park -once and walk" district The redevelopment of Sequoia Station will allow the City to achieve these goals on a large, key site in the Downtown Core of the DTPP. The development concept proposed meets the intent of the Downtown Core, which "is intended to be a vibrant mixed-use residential neighborhood and office district" (DTPP, Page 46). As the center, the Downtown Core is "where the majority of ground -level shops are concentrated, and therefore where pedestrian activity is most lively and where the most pedestrian amenities are located" (DTPP, Page 18). Per the DTPP, "the Downtown Core is the most urban part of the Precise Plan Area; its streets will be shared equally by vehicles and pedestrians" (DTPP, Page 18). The redevelopment of Sequoia Station would also serve as a catalyst to the implementation of the 2017 EI Camino Real Corridor Plan and would jumpstart the intersection, bicycle and pedestrian improvements envisioned for the area. Moreover, the redevelopment would allow for the connection to transit envisioned under the EI Camino Real Corridor Plan, creating a strong link between Downtown Redwood City and the surrounding neighborhoods. The unparalleled location provides a unique opportunity to focus jobs and housing on transit and accessibility not only on the site but also through potential land dedications to allow for future Caltrain upgrades as envisioned in the CalTrain Business Plan 2040 Service Vision. Sequoia Station's size, scale and location allows for the strategic placement of density on transit, while allowing for a focus on non -automobile transportation modes and reduced parking ratios because of the site's adjacency to transit and proximity to Downtown. This combination of attributes also allows for seamless pedestrian connectivity to Downtown. Sequoia Station ownership is now aligned and positioned for redevelopment. Redevelopment, however, can only occur with a General Plan Amendment because of the existing DTPP development caps that currently make redevelopment infeasible. A General Plan Amendment can lift these caps and provide the opportunity to create the framework for a downtown transit and transportation hub within an employment district. If the General Plan Amendment Initiation request is granted by Council, a development application for Sequoia Station can be submitted. Without a General Plan Amendment, Sequoia Station cannot be redeveloped and will remain in its current state — an outdated, car -centric, neighborhood -serving commercial center. 11901 Harrison Street, Suite 1430, Oakland, California 94612 510.669.5882 www.lowe-re.com 213