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75D - PH- MAIN PLACE TRANSFORMATION
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75D - PH- MAIN PLACE TRANSFORMATION
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Last modified
5/30/2019 7:32:33 PM
Creation date
5/30/2019 5:10:30 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Planning & Building
Item #
75D
Date
6/4/2019
Destruction Year
2024
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MainPiace Mall <br />Net Fiscal Impact and Economic Analysis <br />December2018 <br />Page 11 of 33 <br />2.2 proposed Project <br />On the 50-acre property, the Project would redevelop surface parking areas surrounding the <br />existing MainPlace Mall. Retaining approximately 1,100,000 sf of retail space, the proposed site <br />plan would permit approximately 1,900 residential units, 400 hotel rooms, 750,000 sf of office <br />space, and 250,000 sf of new retail space. The proposed expansion would be comprised of up <br />to five new mid -rise apartment complexes, several office buildings, and two hotel towers <br />occupying ten designated areas surrounding the Mall's existing footprint. <br />Developer has already secured a new anchor tenant for 100,000 sf of its new retail space, a <br />family entertainment/education center, which will occupy Area G of the proposed development. <br />The entertainment center allows children to role play as adults in a child -sized replica of a real <br />city, <br />Exhibit 2.2.1: Rreliminary Site Plan <br />Source: Centennial Real Estate Company, LLC, 2013. <br />The analyses, projections, assumptions, and any examples presented herein are for <br />kosmj.,jn . Illustrative purposes and are note guarantee of actual andlor future results. Tax analyses <br />are projections only. Actual results may differ frorn those expressed In this analysis. <br />75D-546 <br />
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