Title
Resolution to Approve Zaragon Place 2 Site Plan and Development Agreement, 500 East William Street (CPC Recommendation: Approval - 9 Yeas and 0 Nays)
Memorandum
Attached is a resolution to approve the Zaragon Place 2 Site Plan and Development Agreement. Approval of this resolution will allow for the construction of a 14-story mixed-use building that includes retail space on the ground floor, 99 apartment units and 40 off-street parking spaces.
The City Planning Commission, at its meeting of June 15, 2010, recommended approval of this request subject to addressing outstanding comments from the Systems Planning Unit and the Fire Marshal. The petitioner has addressed these issues by 1) moving the proposed fire hydrant closer to the building’s Fire Department connection, as requested by the Fire Marshal; 2) agreeing to mitigate the development’s impacts to the sanitary sewer system by providing 24 footing drain disconnects upstream of the project, consistent with utility modeling results; and 3) providing a more detailed traffic impact statement.
Petition Summary:
· The Site Plan proposes a 14-story, 96,685-square foot mixed use building on a vacant site that previously contained a one-story bank. The proposed development includes ground floor retail space facing Thompson and a residential lobby facing East William.
· A driveway off East William leads to a ramp inside the building to access one parking space on the ground floor and 39 spaces on the second and third floors. Forty bicycle parking spaces are also provided on the third floor in a secure enclosure.
· On the fourth through fourteenth floors, 99 apartments are proposed, consisting of eleven (11) 4-bedroom unit, sixty-six (66) 2-bedroom units and twenty-two (22) 1-bedroom units. The apartments will come fully furnished and are intended for university students.
· Residential use floor area premiums for the D1 zoning district have been used to increase the normal 400% floor area ratio maximu...
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