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Opportunity Area # 1 <br />Opportunity Area #1 is comprised of approximately 150 acres of incorporated land on the <br />both east and west sides of Highway 42. The majority of that land area, or 95 acres is <br />designated as land supply for residential development. Approximately 35 acres are <br />designated for commercial and 19 acres are designated for open space and parks. <br />Opportunity Area #1 creates land supply for new neighborhoods, commercial areas and <br />recreational amenities characterized by a high degree of trail connectivity. Residential <br />density generally transitions from lower density to higher density from north to south. <br />Medium to high density residential areas are located closer to the commercial and <br />transportation services which are located along the South Boulder Road corridor. <br />As discussed previously, current entitlements in Opportunity Area established under the <br />North Louisville General Development Plan and the Schempp General Development Plan <br />total approximately 636 residential units, the greater percentage of them being multi -family. <br />The Framework Map residential allocation for Opportunity Area #1 is 752 units. The North <br />End Development on the east side of Hwy 42 has been approved for a total of 350 residential <br />units and 65,000 square feet of commercial development. The Takoda Development is <br />proposing a total of 350 residential units and approximately 109,000 square feet of <br />commercial retail and office development. <br />Adopted Land Use Policies (pp. 3-13 to 3-14). <br />Policy LU-4.1: Opportunity Area #1 will consist of new neighborhoods, commercial <br />areas and recreational amenities. Consideration should be given to: <br />• Residential neighborhoods characterized by a mix of density from low to high <br />density. <br />• Residential density may include a mix of housing types and densities and limited <br />neighborhood services as part of a planned residential development. <br />• Residential areas should be within convenient walking distance to neighborhood <br />recreation opportunities. <br />• Medium to high density residential areas shall have access to public transportation <br />and be located close to commercial centers and downtown. <br />• Lower density residential units should provide a transition from neighboring <br />municipalities. <br />• Characterized by a high degree of trail and open space connectivity reinforcing the <br />east/west connectedness of a regional trail system to Hecla Lake and north/south <br />connectedness to Downtown. <br />• The City should cooperate with the City of Lafayette to secure access from Hecla <br />1 <br />