Planning Commission Agenda and Packet 2019 12 12

Home Browse Search

Planning Commission Meeting Minutes November 14t", 2019 Page 4 of 6 Howe asked if the GDP amendment redevelopment assumed that all the square footage was filled. Zuccaro confirmed, but noted that those were assumptions in the model. Because this was a GDP and not a PUD, the City did not know what the property owners planned to do. He explained that this scenario maximized the square footage. Jeff Sheets with Koelbel and Company, 5291 East Yale Avenue in Denver, shared that the amendment was additive to what was already in place. The proposal was basically the same as in June, minus the residential component. He noted that .3 was not a dense development. The current FAR was at about .25 to .3 in Centennial Valley. The additional FAR would allow them more flexibility in development and to put a couple pad uses, which would be tax -generating. He added that the PUD process would also ensure that the Commission would review any future developments. Brauneis asked if he would be amenable to reviewing and re-creating the traffic study. Sheets replied that they were happy to look at the traffic study again with the new .3 FAR. Moline asked if these changes would make finding tenants easier. Sheets replied that it was still hard. An 86,000 square -foot box was difficult to fill especially with the depth of the building since it was hard to carve up into different pieces. He noted that the residential component would have made development easier, but it had not been received well by Louisville and so they had taken it out. Moline asked if the applicant was planning to retain the development or sell the property. Sheets said that his company never says never, but their plan was to redevelopment and re -tenant it. He noted that it was hard and expensive to knock down a building of that size. Hoefner asked if .3 was right. Sheets replied that he did not think .5 would be happen in Louisville and he did not think it was necessary. Rice asked for examples in the entertainment use. Sheets gave some examples, including trampoline parks, which were usually 30-35,000 square feet, and indoor skiing. He stated that there were no deals done, but Kohl's was gone. Jim Candy, pastor at Ascent Church, 516 Country Lane in Boulder, stated that the church wanted to be a positive for the City. They did not want to take up space and take away money from the City to fund schools and the like. Their plan was to make use of