AgdaPkt 2011-04-25 - Laserfiche WebLink

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7.A. - Page 1 REPORT To the Honorable Mayor and City Council From the City Manager April 25, 2011 SUBJECT Development Opportunities on Block 2, Depot Circle, and Other City Land Assets Along Middlefield Road and the Caltrain Corridor RECOMMENDATION Review and discuss design principles and business terms for development opportunities on City owned lands in Downtown and in particular Block 2. BACKGROUND On January 24th, 2011 the City Council adopted the new Downtown Precise Plan (DTPP)., The plan has generated substantial interest among developers and is very likely to result in exciting projects in the near future for the downtown area of Redwood City. Developer interest has revolved around City -owned land along Middlefield Road and the Caltrain railroad. In particular, the Middlefield Parking Lot (commonly referred to as "Block 2 ") as well as the "Depot Circle" area are generating a great deal of attention. As staff explores the most appropriate way to deal with this activity, we would like to have a discussion with the Council about its priorities, concerns, and desires for the area. In particular, staff seeks guidance with the following topics: • Preferred uses and activity patterns • Transit strategy • Parking strategy • Developer(s) selection process • Provision of public amenities • Disposition of City lands strategy In the study session, staff will share with Council what the Downtown Precise Plan contemplates for the area referred to as Block 2 as well as depot circle. Staff will be reviewing more details on design options, parking and transit considerations as well as the concept of a hotel near what is referred to as depot circle.