Agda Pkt 2025.11.24 Joint SA PFA

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Page 7 of 10 Table 5: Parcel D Common and Private Open Space With/Without Concession • One concession is requested to modify the City's requirement for affordable units to be comparable in square footage to market-rate units (Zoning Code Section 29.6.3). While the Project will provide affordable units with a comparable number of bedrooms to the market- rate units (see Table 6 for unit mix), the Applicant seeks flexibility to provide smaller-sized affordable units for each bedroom type. Given that the affordable units are subsidized by the market-rate units and, therefore, generate less revenue, this targeted reduction in square footage, as demonstrated in Table 6, will result in identifiable cost savings by decreasing the quantity of construction materials and labor required to construct the affordable units, thereby improving the project's financial feasibility. Table 6: Parcel D Comparable Unit Square Footage With/Without Concession 3. Waivers: Applicant is seeking the following waiver, which was previously approved as a concession: • Similar to the waiver request for Parcel A above, one waiver is being requested to modify the zoning requirement to construct residential uses on each parcel and allow for the concentration of uses between Parcels B, D & C to construct one residential building. No increased density or FAR intensity is being requested, only an allowance to organize the buildings more efficiently than allowed by existing zoning which would require the construction of three, separate residential buildings. Since Parcel B and C is nearing construction completion of two new commercial buildings, without the waiver, Parcel D would now be limited to constructing a 69- unit residential building. The waiver is necessary to allow construction of a larger 249-unit residential building. Table 7 and Figure C, below, the proposed Project with the waiver consolidates the residential units on Parcel D and the commercial buildings on Parcel B and C, resulting in the same density and intensity as would have been achievable if the office and residential buildings were constructed on the same parcels. With Concession Without Concession Open Space Type Detail Total Detail Total Common Open Space Level 1 Paseo 6,333 Level 1 Paseo 6,333 Common Open Space Level 2 Courtyard 6,419 Level 2 Courtyard 6,419 Common Open Space Roof Deck 4,775 Roof Deck 4,775 Private Open Space Private Balcony 5,741 Private Balcony 11,296 Public Open Space Plaza 2,514 Plaza 2,514 Total 25,782 31,337 104 SF/unit 125 SF/unit 8.B. - Page 31 of 120 194