AgdaPkt 2020-09-21 Joint SA PFA - Laserfiche WebLink

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8.A. - Page 9 of 21 • 8 on-site below market rate units (Housing); • $7.1 million contribution ($5.4 million voluntary) to affordable housing (Housing); • Housing and jobs within close proximity to Caltrain (Transportation); • Publicly accessible pickle -ball court and clubhouse (Children & Youth) Discussion: The proposed project is located in the DTPP and would require a General Plan Amendment and DTTP amendment for additional office sq. ft. development and residential units. The on-site below marking rate units would be integrated into the building, however, the level of affordability and the unit sizes have not been provided at this time. The applicants have also committed to a voluntary $3.7 million donation which includes $2 million to the Police Activities League over 15 years and an additional $500,000 to local non -profits focused on children. 3. 1900 Broadway Project Description: The project is a mixed-use development with 234,000 sq. ft. of office, 54 units of on- site below market rate housing, and a minimum of 10,000 sq. ft. retail space facing Broadway. The proposal also includes an 8,770 sq. ft. public plaza located on the corner of Broadway and Main Street. The proposed mixed-use building would be approximately 92 feet in height (7 stories) with office located on floors 1-5 and the residential units located on floors 6-7. The project also includes two levels of underground parking utilizing a valet system and would provide 25 stalls for public parking. • General Plan: Mixed Use —Downtown • Zoning: P (Downtown Precise Plan) • Existing Use: Bank (Wells Fargo) and surface parking Strategic Priorities: The project addresses the following Council Strategic Priorities: • 54 on-site below market rate units provided at the low and very low level (Housing); • $9.1 million contribution to affordable housing (Housing); • Housing and jobs within close proximity to Caltrain (Transportation); • Retail space would be prioritized for family entertainment (Children & Youth) Discussion: The proposed project is located in the DTPP and would require a General Plan Amendment and DTTP amendment for additional office development and residential units. As currently presented, the project site would require the closure and acquisition of public right-of-way (Spring Street) and the adjacent parklet area. Improvements to the parklet, including benches to expand use as well as increasing visibility and safety, was considered in the DTPP as a potential future project. The street closure and parklet would need to be reviewed more in depth by the Community Development & Transportation and the Fire Departments to ensure that the closure would not affect City services or circulation. The on-site residential units would be operated by HIP housing, and the proposal includes 2 studios, 28 one -bedroom units, 16 two-bedroom units, and 8 three-bedroom units. The proposal splits up the retail use into two spaces with an 8,404 sq. ft. space on Broadway and a 1,897 sq. ft. space on the corner of Broadway and Main, however two additional options are also included: one 10,000 sq. ft. space on Broadway or two smaller spaces that would face the public plaza. The public plaza would be available for public use, and the applicant has also indicated that the programming of public space would be determined collaboratively with youth groups. Finally, the project would also include $500,000 to local non -profits and another $100,000 donation to job training programs. Page 9 of 15 .mmm . City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore .A