Planning Commission Agenda and Packet 2016 03 10

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Planning Commission Staff Report March 10, 2016 The applicant is requesting a third amendment to the GDP to increase the number of residential units allowed in Planning Area 1 to 65 and to decrease the amount of commercial space to 40,000 SF. The size, shape, and location of the Planning Area would not change under this request. Of the 350 residential units allowed by the existing GDP, 312 have been allocated to Planning Areas 2 through 5 and are either built, under construction, or have an approved PUD. Besides the 21 units designated for Planning Area 1, that leaves 17 units unallocated to a Planning Area. The applicant is requesting to allocate those 17 units to Planning Area 1 through this GDP amendment. The applicant is also requesting an additional 27 units, to be age restricted 55 and over, bringing the total number of units allowed in North End to 377. 2013 Comprehensive Plan All GDP amendment requests are evaluated for their consistency with the Louisville Comprehensive Plan. The 2013 Comprehensive Plan identifies this area as an "Urban Corridor" and states "This urban corridor focuses on commercial opportunities including office and neighborhood retail along with higher density housing in close proximity to the roadway." The comprehensive plan also states urban corridors must demonstrate a positive fiscal return and establishes a residential density allowance up to 25 units per acre. This application is requesting a mix of commercial uses and neighborhood retail, with medium density residential. The proposed density is approximately 30 units per acre when calculating density for the residential portion of the property and about 14 units per acre when calculating for the whole parcel. 3