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CWM:djm 03/28/90 RD-7/27) <br /> <br /> reason that this alternative would not be feasible is <br />_ that second story space does not command sufficiently <br /> high rents to justify the land costs. For this project <br /> it is estimated that first floor space would rent for <br /> an average of $2.50 per square foot per month, while <br /> second floor space would rent for an average of $1.50 <br /> per square foot per month. <br /> C. SELECTION OF THE EL CAMINO REAL ACCESS ALTERNATIVE. <br /> <br /> 1. SIGNIFICANT EFFECTS. <br /> This alternative is a refined version of the <br /> proposed project and achieves consensus on the primary <br /> components of the plan between the Developer and the <br /> Redwood City Redevelopment Agency. The alternative <br /> includes a third site driveway on E1 Camino Real, a <br />-- left turn vehicle storage lane on Jefferson in the <br /> Project driveway, a pedestrian promenade, covered <br /> seating for commuters, increased parking and connection <br /> between the bus and train stations. <br /> 2. FINDINGS. <br /> This alternative would have impacts practically <br /> indistinguishable from the impact of the proposed <br /> project. The mitigation measures would likewise be <br /> identical to those of the proposed Project. Therefore, <br /> as used in this resolution, "project" or "proposed <br /> project" shall refer to the E1 Camino Real Access <br /> Alternative to the Project discussed in the Final EIR <br /> at pages RTC-43 to RTC-46. In addition, a traffic <br /> study should be conducted to establish specific needs <br /> 19 <br /> 9o-o <br /> <br /> <br />