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SECTION III <br />ta <br />www.FinanceDTA.com <br />III CITY INTENT FOR THE SPECIFIC PLAN <br />CITY INTENT FOR THE SPECIFIC <br />PLAN <br />The City's intent for this Specific Plan area is integral to the intended character of the <br />Project, which builds off the South Bristol Street objectives as outlined on page LU 61 of the <br />General Plan Land Use Element. The major objective of the Project is to replace a vacant <br />and obsolete retail development with a contemporary residential and retail -based <br />self-contained urban village. <br />The Specific Plan is consistent with, and implements, the City's vision for the District Center - <br />High and South Bristol Focus Area (see also Appendix B, SCAQMD Policies: City General <br />Plan) : <br />if The District Center -High is a mixed -use designation identified in the General Plan as <br />including "high -density urban villages consisting of visually striking and dynamic <br />buildings and spaces with a wide range and mix of residential, live -work, <br />commercial, hotel, and employment -generating uses."' <br />• Table LU-2 of the General Plan (Build -Out) identifies an assumed housing growth of <br />5,272 units in the District. The proposed 3,750 units fall within the assumed growth <br />target. <br />• Table LU-8 of the General Plan identifies the DC-5 area as allowing a maximum Floor <br />Area Ratio ("FAR") of 5.0, or 125 dwelling units per acre, and a maximum height of 25 <br />stories. The General Plan allows the FAR to be calculated on a gross basis for an <br />individual development project. <br />• The General Plan's District Center designation would allow up to 8,733,780 SF of <br />mixed uses, inclusive of residential uses, based on the maximum FAR of 5.0 over the <br />41.13-acre (gross) site. As proposed, the Specific Plan will result in an FAR of 2.7, well <br />within the maximums allowed in the General Plan. A General Plan Amendment is <br />neither required nor proposed. <br />if The General Plan envisions "urban villages," "an intense multistory presence," and <br />"mixed -use opportunities." The Specific Plan implements this vision with a range of <br />building heights and configurations in two mixed -use Districts/Villages, with heights <br />and intensities within the limits identified in the General Plan. <br />• The General Plan requires fiscal neutrality (LU 2.4). The Project results in positive <br />fiscal impacts. <br />if The General Plan calls for community involvement (LU 3.2). Significant outreach has <br />occurred as outlined in Specific Plan Section 2.5, Community Engagement. <br />if The General Plan encourages areas for community gathering and outdoor <br />entertainment (LU 2.3). The Specific Plan includes approximately 13 acres of open <br />1 Source: Related Bristol Specific Plan <br />Related Bristol at 3600 South Bristol Street September 2Z 2023 <br />Community Benefits Analysis Report <br />Exhibit 10 6 <br />