City Council Minutes 2019 02 05 - Laserfiche WebLink

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City Council Meeting Minutes February 5, 2019 Page 5 of 21 - New project in Superior indicates renewed demand - Additional hotel supportable in next 5 years Danica Powell, City consultant from Trestle, summarized the regulatory framework. She reviewed the regulations, both private and public, including the Comprehensive Plan, the McCaslin Boulevard Small Area Plan, the General Development Plan from 1984 with amendments over the years, the Planned Community Zone District (PCZD) zoning designation, the private covenants that require unanimous agreement from all of the owners, and additional agreements between some lot owners and some warranty deeds which prevent certain uses. She noted permitted uses by zoning and covenants, those that might be allowed, limited uses, and those prohibited uses per the covenants Powell reviewed the public engagement process including meetings with various community groups, pop up stands at shops in the area and use of online platforms. They shared information about the limited uses and why along with what is changing in the market. What they heard from the community was a need for mixed -income housing, continued support for big box stores, need for more community spaces, desire for unique food and beverage venues, and make the McCaslin area more walkable and connected They also got comments from NextDoor which was a broader area than the immediate neighborhood Retail, restaurants and shopping were the highest requests. They tracked the neighborhoods submitting answers. When asked what you would like to see given the limitations and market trends, the answers included hospitality, food beverage, clothing and book store, entertainment, gym/spa, service shops, residential, office and hotel Experience based retail, service retail, and unique opportunities with a complement to downtown or complement to other facilities. There was a lot of alignment among the groups. Matt Prosser, EPS, presented the Alternatives Analysis in response to the market analysis and the public input. Parcel 0 is 44 6 acres with three large lots. He noted the criteria based on the project goals include market reality/development feasibility, community values, and strong fiscal performance He noted the existing benchmarks include market value currently and fiscal impact of Parcel 0 He reviewed the three alternatives for the site. ® Alternative 1 — Re -Tenant, repurpose and re -tenant the big boxes, will likely need to repurpose the sites to smaller uses. Types of opportunities would be retail liquor, sporting goods, furniture, and non -retail fitness, entertainment, medical office uses. O Alternative 2 — Partial Redevelopment: redevelopment of one or more larger lots with some reuse of existing buildings. Combination of parcels could be involved