Laserfiche WebLink
DRAFT 3.20.19 <br /> 2. Project Description. Table 2.2-1 in Section 2.2 of the Development Agreement is <br /> replaced with the revised table set forth below. This Second Amendment is necessary to include <br /> the Riverfront Project and to update the table to reflect that the Simpson Pad and the Mill <br /> Property are either under construction or built-out. The text of Section 2.2 is hereby amended <br /> and restated as follows: <br /> The proposed development project("Project")that is the subject of this Agreement is a <br /> high quality mixed-use commercial/residential development to fulfill the City's vision for <br /> the Property as set forth in the City's Comprehensive Plan and Shoreline Master Program <br /> and the PDA, as amended. The Project includes construction of up to 355,000 square feet <br /> of mixed commercial and retail uses,up to 200,000 Square feet of hotel space and up to <br /> 1675 residential units(multi-and single family) ajs shown in Table 2.2-1 below. The <br /> ultimate mix of uses constructed will be determined by the property owner based on <br /> market demand and the land use capacity of the Riverfront Property, subject to the <br /> minimum development elements and other requirements of the PDA, as amended and the <br /> impacts analyzed under the FEIS. Preliminary targets or buildout numbers for each of <br /> the Landfill Pad, Simpson Pad and Mill Property are also included in Table 2.2-1. <br /> Table 2.2-1 <br /> Simpson Pad Landfill Pad Mill Property <br /> Retail 230,000sf <br /> Office 125,000sf <br /> Hotel • 250 rooms <br /> Residential=total <br /> Condominium ' or 1250 <br /> niulti-family • .• . <br /> Town.House 190 <br /> Single Family 235 <br /> In the.FEIS,the preferred alternative totals were: 800,000 sf for retail;-100,000 sf for office,250 <br /> rooms for hotel, 1400 units for residential-total, 600 units for condominium(multi-family),475 <br /> for townhouse, and 325 for single-family. The development described above is within the <br /> envelope of development studied under the FEIS. <br /> 3. Development Plan. <br /> A. Development Elements. Some of the.elements of the plan for the Riverfront as a <br /> whole have already been accomplished by Riverfront, the City or the developers of the Simpson <br /> Pad and Mill Property. The first bullet point in Section 3.1 of the Development Agreement is <br /> replaced with the following: <br /> • Economic diversification--creating a place to live,work, and shop,including: <br /> development of a lifestyle center with at least a total of 100,000 rentable <br /> 3 <br />