AgdaPkt 2004-07-26 - Laserfiche WebLink

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�. -2 A The IP zone allows a maximum 40% floor-area-ratio (FAR) limit. FAR is the ratio of the square footage of building floor area to the parcel area. The existing Seaport Plaza development is a 251,000 square foot office / R&D development contained in two buildings on a 5.76 acre parcel. It is built-out to about a 66% FAR. When the City established FARs in April 2001, a generous "Grandfather Clause" was included in the affected code sections to protect existing development .as well as development that was approved, but not yet fully constructed and that had FARs higher than those established in their respective zoning districts. This clause applies to all buildings and approved projects that existed prior to April 12, 2001, and thus, the Seaport Plaza project, which was approved prior to that date, would be "grandfathered." Properties qualifying for this grandfather clause may be completely rebuilt to the same floor area. A portion of Cardinal Way is owned by Equity Office Properties, the owner of Seaport Plaza. This portion of Cardinal Way is a private street and a separate parcel. It also falls underthe GI Zoning designation and thus the proposed Zoning Map Amendment to IP will include that portion of Cardinal Way to ensure consistency. Stanford Boathouse: 300 Cardinal Way is currently zoned G� and is developed with a 16,200 square foot boathouse for the Stanford Rowing and Sailing Teams. Both the IP and IR zoning districts were considered forthe boathouse property as a Zoning Map "clean-up." Both of these zones are compatible with the overlying General Plan land use designation. The proposed IR Zoning District allows outdoor recreational facilities as conditional uses, and thus appears to be more compatible than the IP Zone based on the present Boathouse and dock use of the site. The terminus of Cardinal Way is actually part of Stanford's property. Thus, a Zoning Map Amendment of the Stanford Boathouse property will result in a small portion of Cardinal Way being rezoned to IR as well. Rezoning the Boathouse to the IR district is compatible to the adjacent zoning districts, which are IP for Seaport Center, proposed to be IP for Seaport Plaza, and IR for the Abbott labs property (recently rezoned from the GI district). The proposed Zoning Map Amendments are illustrated in the following map: Stanford Boathouse Seaport �ep� p�aza Plaz • to IP S ord K Boathouse: ti�'� G I I to IIt G I IR � - Abbott Labs =i ' Property ��+. t -- : t � ` .. , � ';, 4 . r CG-R seaport Center � _ -.---- ` � : r _ ' ` ` 3 � �_ �� `\ � N � ,.,... ° „