Title
Resolution to Approve 732 Packard "5 Corners" PUD Site Plan and Development Agreement (CPC Recommendation: Approval - 8 Yeas and 0 Nays)
Memorandum
Approval of this resolution will allow for the construction of the 732 Packard "5 Corners" PUD Site Plan, a 14-story high-rise building with 376 apartments. The project redevelops 12 lots below the intersection of Packard and South State streets with a combined total of 55,507-square feet zoned 732 Packard PUD Zoning District (submitted separately).
Details of the proposed development include:
* The building has 441,096 square feet of floor area and is 14 stories tall and includes 20 townhouses on the first floor, with direct access from Packard Street, and 256 apartments on the upper floors. Approximately 3,000 square feet of retail spaces is provided on the first floor with planned entrances to both Packard and South State. It will be LEED Silver certified.
* Parking for 78 vehicles, including 16 electric vehicle chargers, is provided in a basement garage accessed from a driveway at the intersection of South State Street and East Hoover Avenue. A vehicle courtyard provides 4 more vehicle parking spaces. A dedicated, first floor room provides 217 Class A bicycle parking spaces, including 17 with charging ability and 2 cargo-sized. Twelve Class C bicycle parking spaces are provided outside of the building.
* As part of the project, the intersection of Hoover and State will be reconfigured from a three-way intersection into a four-way intersection, with the new driveway to 732 Packard being the fourth leg. This work is addressed in the Development Agreement.
* Forsythe Park, immediately south of the site, will be renovated by the developer (after submitting construction drawings to the Parks Department for review and approval) including removing the kiosk, removing wood retaining walls and restoring the area, installing new pavers and pavement, replacing the drinking fountain, repairing or replacing furnis...
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