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7.A. - Page 27 of 36 SPUR San Francisco I San Jose I Oakland January 20, 2021 Mayor Howard and Redwood City Council Members Chair Bondonno and Planning Commissioners c/o Diana O'Dell, Senior Planner 1017 Middlefield Road Redwood City, CA 94063 via electronic transmittal: dodell@redwoodcity.org RE: SPUR Endorsement of Updated Plan for Sequoia Station / Redwood City Transit Sub -Area Dear Redwood City Councilmembers and Planning Commissioners: The Lowe project team originally presented the Sequoia Station project (also known as the Redwood City Transit Sub -Area) located at James Street and El Camino Real to SPUR's Project Review Advisory Board in Fall 2019 for review and consideration. In November 2020, the Lowe project team presented us with a revised proposal for the Sequoia Station project. The SPUR Project Review Advisory Board finds the revised development proposal to be an appropriate set of uses for this location and endorses the updated Sequoia Station proposal as it is currently envisioned. SPUR is generally focused on policies, plans and codes rather than on individual projects. In order to make infill development easier, we prefer to help set good rules around zoning, fees, housing affordability, sustainability, etc. However, on occasion, our Project Review Advisory Board will review and endorse development proposals of citywide or regional importance, evaluating their potential to enhance the vitality of the city and region according to the policy priorities and principles of good placemaking supported by SPUR. We understand that Sequoia Station is a major mixed-use development project proposed for the 12+ acre Sequoia Station site located in the Redwood City Transit Sub -District. Currently occupied by a low-rise shopping center with a Safeway, CVS, Old Navy, Pier 1, Barnes & Noble and several other retail tenants, the proposed project will transform the site into a mixed-use urban center with densities and design intentions appropriate to the downtown core and on a regional transit line. As currently proposed, Sequoia Station and the adjacent Caltrain property will provide up to 1,250,000 square feet of commercial office space, up to 625 residential units, up to 175,000 square feet of neighbor -hood serving retail and a two- level below -grade parking structure. Specific to Sequoia Station, there are approximately 200-240 affordable units proposed for extremely low-, very low- and low-income residents. SAN FRANCISCO SAN JOSE OAKLAND spu r.O YC' 654 Mission Street 76 South First Street 1544 Broadway San Francisco, CA 94105 San Jose, CA 95113 Oakland, CA 94612 (415) 781-8726 (408) 638-0083 (510) 827-1900 203