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CHAPTER 2 <br /> PROJECT SUMMARY <br /> 2.1 DESCRIPTION OF PROJECT PROPOSED FOR APPROVAL <br /> The Village Santa Ana Specific Plan Project would provide for redevelopment of the <br /> approximately 17.2-acre site located on the northeast corner of West Sunflower Avenue and Bear <br /> Street, transected by South Plaza Drive. The project site comprises seven parcels (Assessor's <br /> Parcel Numbers 412-451-01 through -04 and 412-131-10, -20, -21 ((Project Site)). The Project <br /> Site is currently occupied by the South Coast Plaza Village commercial center on both sides of <br /> South Plaza Drive which consists of approximately 164,049 square feet of retail shops and <br /> restaurants, offices, and the Regency Theatres cinema building. The City's GPU Land Use <br /> Element designates the project site as District Center-High (DC-5) within the South Bristol Street <br /> Focus Area (SBSFA). Development in the DC-5 designation is intended to provide urban retail, <br /> residential, mixed-use, and employment centers. The Project Site is currently zoned as Specific <br /> Development Plan No. 48 (SD-48)which was adopted in 1989 and was last amended in 1997. <br /> The Project would redevelop the site with mixed-use commercial and residential, residential only, <br /> and commercial only buildings. A central commercial area would include a variety of commercial <br /> uses, such as restaurants, a market, and retail uses, with additional commercial uses extending <br /> through the ground floor of adjacent residential buildings. Stand-alone residential and mixed-use <br /> buildings would provide housing opportunities for residents in the City's SBSFA. In total, The <br /> Project would include up to 1,583 residential units (encompassing approximately 1,850,000 <br /> square feet of building space), 80,000 square feet of retail space, 300,000 square feet of office <br /> space, and approximately 7.5 acres of publicly accessible open space and common areas. The <br /> Specific Plan includes a maximum height of 25 stories with a minimum of 1 story for <br /> commercial/office only buildings and no minimum height for residential or mixed-use buildings. <br /> Parking would be provided in tower and podium buildings and underground building levels with <br /> up to four levels below grade. <br /> At full buildout, the Project is anticipated to provide a combined 13.8 acres of public and private <br /> outdoor and recreation space including approximately 7.5 acres of publicly accessible open space <br /> and common areas and 6.3 acres of private outdoor and amenity spaces. Public open spaces at <br /> the Project would consist of active spaces, outdoor seating, garden paseos, a fitness loop, and a <br /> recreational lawn. Private open space amenities include outdoor balconies and patios, pools and <br /> spas, outdoor kitchens, and communal gathering spaces. The proposed Project would also <br /> include roadway and streetscape modifications and improvements along Sunflower Avenue, Bear <br /> Street, and South Plaza Drive in addition to new access points throughout the project site and a <br /> bicycle network which includes a new Class IV cycle track along Sunflower Avenue, and a new <br /> Class I bike path along Bear Street. <br /> Construction of the proposed Project is anticipated to begin January 2026 and could take up to <br /> 20 years to complete. Construction of the proposed Project would be implemented in a series of <br /> five phases to reflect anticipated market conditions and to ensure that access, public facilities, <br /> and infrastructure connections are appropriately installed to serve the Project. Demolition of the <br /> entire Project Site would occur during the first phase of the construction period. Subsequently, <br /> the construction period for each phase would generally include excavation, grading, trenching, <br /> pile driving, installation of utilities, building construction, architectural coating, paving activities, <br /> Resolution No. 2025-041 <br /> Page 16 of 140 <br />