75D - PH- MAIN PLACE TRANSFORMATION

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M 3.4 Project Characteristics i The project proposes the rehabilitation and redevelopment of the site as a mixed use commercial complex consistent with the Redevelopment Plan. The ultimate maximum density of development of the f site shall not exceed 1,500,000 net leasable square feet of office space, 1,600,000 gross leasable square feet of retail space, and 1,200 hotel guest rooms, with supportive facilities. All such development shall be in accordance with architectural and design plans, landscaping plans, and sign criteria approved by the Agency, as set forth in the Participation Agreement.* This EIR will discuss the potential 1 environmental impacts of the proposed project based upon the previously mentioned maximum permitted development of the site. The project will require the demolition of the existing Fain Street Center (163,403 square feet of leasable area) and the construction of new retail and/or office buildings in its place. The b. existing Fashion Square Center (521,125 square feet of leasable area) will be substantially renovated, structurally altered and, in part, demolished, so as to incorporate the center into an improved, modernized, integrated shopping mall. Figure 5 shows a Basic Concept Drawing of the proposed Development Plan. ! Based on current estimates, it is assumed in this EIR that approximately 400,000 square feet of the existing Fashion Square will be retained and approximately 1,200,000 square feet of new commercial develoment will be added if the project is, in fact, developed to the p maximum. , 1 * City of Santa Ana Redevelopment Project, Santa Ana, California, Fashion Square Commercial Center Site Participation Agreement By and Between Community Redevelopment Agency, City of Santa Ana and Federated Department Stores, Inc., and Santa Ana Venture, pp. 15-17, and Attachment No. 2, p. 4. 0 75D470