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• SUBJECT: 2012 COMPREHENSIVE PLAN FRAMEWORK
<br /> DATE: DECEMBER 18, 2012 PAGE 9 OF 23
<br /> Existing Land Use Base Option 3
<br /> Retail 1,401,281 SF 1,712,615 SF 311,334 SF 2,658,248 SF 1,256,967 SF
<br /> Office 1,608,285 SF 7,057,201 SF 5,448,916 SF 7,807,714 SF 6,199,429 SF
<br /> Industrial 2,380,013 SF 7,632,300 SF 5,252,287 SF 7,632,300 SF 5,252,287 SF
<br /> SF residential(units) 6,765 U 6,931 U 166 U 6,931 U 166 U
<br /> MF residential (units) 1,593 U 2,146 U 553 U 3,125 U 1,532 U
<br /> Public Service/Institutional 206,691 SF 206,691 SF - 206,691 SF -
<br /> Agricultural 18,626 SF 18,626 SF - 18,626 SF -
<br /> Open Space/Parks 50,696,337 SF 69,644,937 SF 19,948,600 SF 69,807,806 SF 19,111,469 SF
<br /> Population 18,376 19,991 1,615 22,145 3,769
<br /> Employment 11,708 37,129 25,420 41,732 30,023
<br /> TOTAL 30,084 57,120 27,035 63,877 33,792
<br /> Option 4 —Three Centers + Urban Neighborhood: The Three Centers + Urban
<br /> Neighborhood Option builds on Option 3 by adding an urban neighborhood west
<br /> of McCaslin on both sides of Centennial Parkway. There are three primary
<br /> reasons why staff presents this alternative for consideration: 1) long-term
<br /> neighborhood stabilization; 2) economic development; and 3) the alternative was
<br /> identified as a possibility the public wanted to be evaluated during the community
<br /> charrette. To elaborate, consider the following:
<br /> 1) Long-term neighborhood stabilization — Two satellite residential areas are
<br /> currently located west of McCaslin, accessible only from Centennial Parkway and
<br /> Century Drive: Centennial Pavilions Lofts and Centennial Heights West
<br /> Subdivision. Both of these residential developments are small and underserved
<br /> when compared to other neighborhoods throughout the City. Both are nearly
<br /> surrounded by retail and commercial office zoned properties. While both
<br /> developments are in excellent condition, offering unique views and access to
<br /> Davidson Mesa Open Space, both developments are isolated from the rest of the
<br /> City. Expanding residential opportunities adjacent to these developments would
<br /> create a larger and more stable neighborhood as adjacent commercial property
<br /> develops. Expanding residential development here would also provide a more
<br /> diversified housing stock, create a context for a neighborhood park / amenities,
<br /> and provide the opportunity for a more walkable connection to retail along the
<br /> McCaslin Corridor.
<br /> 2) Economic Development— Expanding the neighborhood in this area would
<br /> increase the number of "roof tops" or income, in close proximity to the struggling
<br /> retail areas of McCaslin between Cherry Street and Via Appia. Approximately
<br /> 40% of the City's sales tax revenues come from groceries and food and
<br /> beverages. This community-oriented retail requires "roof tops" and drive by traffic
<br /> to increase retailing opportunities. Current retailing trends suggest that new retail
<br /> CITY COUNCIL COMMUNICATION
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