Title
Resolution to Approve 601 Forest Site Plan and Development Agreement, 2.05 Acres, Southeast Corner of South University and South Forest Avenues (CPC Recommendation: Approval - 8 Yeas and 1 Nay)
Memorandum
Attached is a resolution requesting approval to construct a 464,314-square foot, mixed-use building comprised of two residential towers along South University and South Forest. The proposed buildings will consist of 342 apartment units with 1,142 bedrooms, 16,140 square feet of retail space, and 3,242 square feet of office space. A landscaped second-story central courtyard will be provided for residents of the building, as well as two levels of underground parking containing 235 spaces. Twenty-four metered surface parking spaces will also be provided, for use by retail customers and residential drop-off and pick-up. The subject property consists of five parcels that will need to be combined in order to develop the project. All existing buildings on the property are proposed to be demolished.
A development agreement has been prepared to address public and private utilities, a future special assessment district for improvements to South University and South Forest, landmark tree preservation, park contribution, a street tree planting escrow, on-site storm water management, footing drain disconnections, and elevations. While the elevation provisions are a slight departure from the standard language (see paragraph P-17), the City Attorney's Office and the petitioner have discussed and come to a mutual agreement regarding this matter. The Attorney’s Office has reviewed the agreement and the petitioner has acknowledged concurrence with its provisions.
The City Planning Commission, at its meeting of June 3, 2008, recommended approval of this proposal, subject to providing adequate sanitary sewer capacity and obtaining necessary variances. The Zoning Board of Appeals, at its meeting of June 25, 2008, granted the one necessary variance for the drive op...
Click here for full text