Laserfiche WebLink
Required Item Information <br />E. <br />Existing Use of the Project <br />Site <br />Lane Project: <br />Vacant two-story commercial office and retail <br />building. <br />Eden Project: <br />Medical Office (Suites 1 &2); <br />Office (Suites 3); <br />Retail (Suite 6). <br />Suites 4&5 currently vacant, previously Office. <br />No residential units to be removed <br />F. <br />Replacement <br />Requirements (if <br />applicable) <br />N/A. No residential units will be removed; no replacement <br />required. <br />G. <br />Total Number and Tenure <br />of Affordable Units <br />proposed by the Eden <br />Project <br />See Item I below. <br />H. Project total <br />development gross floor <br />area <br />Lane Project <br />256,205 gross sf including 244,430 sf of net new office. See <br />Recital C of Development Agreement. <br />Eden Project: <br />1.Residential – <br />a.Existing Residential GFA: None <br />b.Proposed Residential GFA: 68,716 sq.ft. <br />2.Nonresidential – <br />a.Existing nonresidential GFA: 5,500 sq. ft. <br />b.Proposed nonresidential GFA: None <br />c.New net nonresidential GFA by type: <br />Medical Office: <2,200 sq. ft.> <br />Office: <3,300 sq. ft.> <br />I. Number of affordable <br />units in the Eden Project <br />25 units required (see Section 2.2A of the Development <br />Agreement); <br />75 rental units proposed by Eden for development on <br />Substitute Site to be donated by Lane to Eden as follows: <br />1.Moderate Income = None <br />2.Low Income = 40 (53%) <br />3.Very Low Income = 23 (30%) <br />4.Extremely Low Income = 12 (16%) <br />ATTY/RESO.0052/ CC RESO APPROVING SUBSTITUTE SITE AS AFFORDABLE HOUSING SITE (705 VETERANS)(1900 BROADWAY DA) - EXHIBIT 1 <br />REV: 07-21-26 MI <br />Page 7 of 53