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<br /> Director Church said three parties, Shea Homes, W. L. Butler and Irvine Apartment <br /> Communities have collaborated on a proposal that they will present to the Planning <br /> Commission and Council members tonight in order to receive input in this early stage of <br /> development. He said, "We are not in the position to negotiate with anyone at this point, and <br /> we don't have any business terms to discuss. We don't have any details of the econornics or <br /> the mix of units, or the size, or that level of detail, but what we do have is a concept... What <br /> we'd like to get is your input, your response, and the community's response to it." <br /> Don Warren, President, Stonybrook Associates, 125 Stonybrook Road, Los Gatos, provided <br /> background on the proposed development and the background of the potential development <br /> team of Irvine Apartment Communities (lAC), Shea Homes and Butler. He described lAC's <br /> 18 months of work on a smaller project within the Franklin Street Area, and its initial <br /> presentation at the March 10, 1997 Council meeting. At that meeting, the Council heard about <br /> other projects that might take place in that area, and expressed its support for an urban infill <br /> development of mixed use (for-sale and rental units) for the entire Franklin Street area, a very <br /> crucial development area of downtown Redwood City. Mr. Warren emphasized how important <br /> the right kind of development was for this very visible property adjacent to a major <br /> transportation corridor, walking distance to shopping and downtown, and part of the civic <br /> center area. He introduced the development team that came together subsequent to that <br /> Council meeting, on their own initiative, to develop a master plan of approximately 500 <br /> housing units for the entire Franklin Street Area. <br /> Jeff Hansen, Shea Homes, San Jose, proposed lead developer, described Shea Homes: in <br /> business for 120 years, developers and builders, with five divisions throughout the United <br /> States. Mr. Hansen said Shea was pleased at the prospect of participating in the development <br /> of Franklin Street with W.L. Butler and lAC and was committed to quality infill urban <br /> developments with for-sale and rental units. <br /> Will Thompson, Senior Vice President, lAC, Mill Valley, described lAC, a publicly traded <br /> company worth $2 billion, and its success with many multifamily developments and urban <br /> infill projects. He also expressed his commitment to the proposed project and the process. <br /> Ernie Vasquez, McLarland, Vasquez and Partners (architects for lAC), showed slides of the <br /> proposed project, described the physical limitations of the Franklin Street area, new alignments, <br /> amenities, the concept of parking courts, the connection to the civic center across the railroad <br /> tracks, and highlights of many other aspects of the development. Mr. Vasquez said the <br /> proposal was designed to include all but two of the parcels in that area, rather than the original <br /> idea of developing the area on an ad hoc basis. <br /> John Warden, architect for lAC, Healdsburg, used slides to show details of the proposed <br /> development. He said the densities required the units to be over parking to achieve the proper <br /> ratio, and described the effort to keep the development friendly and home like. He described <br /> the stoops, stairs and private entrances on the first floor and some private garages, and the <br /> attention to the corner units. Mr. Warden described the elevations and landscaping. <br /> PLANNING COMMISSION STUDY SESSION WITH COUNCIL PARTICIPATION OCTOBER21,1997 <br /> STUDY SESSION MEETING MINUTES MINUTE BOOK NO. 55 PAGE 2 <br /> Page No. 604 <br />