Title
An Ordinance to Amend Chapter 55 (Zoning), Rezoning of 1.2 Acres from R4C (Multiple-Family Residential) to PUD (Planned Unit Development District), 721 South Forest PUD Zoning and Supplemental Regulations, 721 South Forest (CPC Recommendation: Approval - 6 Yeas and 2 Nays) (ORD-23-15)
Memorandum
Approval of this ordinance will zone this property PUD (Planned Unit Development) to permit a 166-foot-tall structure containing 228 residential units and 733 bedrooms. The units provided will be a mix of studio, one through six bedrooms. The building proposes a rooftop pool and amenity area for residents. There will be 98 vehicle parking spaces provided on site. The PUD regulations require a minimum of 15% of the total units be dedicated as affordable or a contribution in lieu of units. Petitioner has chosen to provide a cash in lieu payment of $4,700,000, required amount is $4,601,318. The PUD regulations allow residential and a small retail space of less than 5,000 square feet. The ordinance also requires sustainability features such as an all-electric building, LEED Silver and other sustainable items outlined in the supplemental regulations.
Approval of this ordinance will also create supplemental regulations for the new PUD district. Supplemental regulations create the standards and requirements, as well as regulating the uses, for the corresponding PUD District.
Petition Summary:
* A concept plan, or site plan is required when an amendment to the City Zoning Map is proposed [Chapter 55 5.29.7]. In this case, the petitioner has proposed amending the City Zoning Map from R4C(Multiple-Family) to PUD, Planned Unit Development District with a site plan. The site plan will be presented for approval with the second reading of the zoning.
* The site plan proposes a 12 story, 166-foot-tall structure containing 228 residential units and 733 bedrooms. The units provided will be a mix of studio, one through six bedrooms. The building proposes a rooftop pool and...
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