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7.A. - Page 9 of 25 <br />• Pros: Option 2 could provide more flexibility in getting the project to the requested 301 <br />unit count. <br />Considerations: This option would expand the DTPP area at the same time as the City is <br />considering a geographically broader Central Redwood City Plan. Additionally, extending <br />the DTPP boundary would include four other parcels in addition to 651 EI Camino Real <br />and the City would need to also consider the development potential for these properties <br />as part of this process. <br />�igure 2: Downtown Precise Plan (DTPP) Amended Boundaries <br />3. 505 East Bayshore Road <br />Project Description: The project proposes 60 home ownership townhomes (23.6 du/acre), including 9 <br />units (16%) at a below market rate, provided at moderate income level. The project also proposes a new <br />public trail along the bayshore and a new public easement for open space and recreation along a new <br />boardwalk. <br />General Plan: Commercial Regional <br />Zoning: General Commercial (CG) <br />Existing Use: Industrial, Allen Steel & Supply Company (still operational) <br />Strategic Priorities: The project addresses the following Council Strategic Priorities: <br />• 9 below market rate ownership units (16%), provided at moderate income level (Housing); <br />• A new public trail to connect to the existing Bay Trail system with pedestrian and bicycle access, <br />through a new sidewalk (Transportation); <br />Page 9 of 13 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />