TITLE
Recommendation to receive supporting documentation into the record; conclude the public hearing; adopt a resolution amending the Local Coastal Program; and
DISCUSSION
On July 7, 2005, the Planning Commission voted unanimously to recommend that the City Council adopt a resolution to amend the Local Coastal Program and an ordinance to amend
Subarea 4 of the Downtown Shoreline Planned Development District (PD-6) (Attachment 1).
The proposed amendments will increase the allowable new residential units by 500 units, to a maximum of 1,500 new residential units, and decrease the allowable commercial/office use area from the current maximum of 2,000,000 square feet to 1,800,000 square feet. The project area consists of all properties located in the area south of Ocean Boulevard between Magnolia Avenue and Pine Avenue and north of Seaside Way (see map attached to the proposed ordinance for detail of properties included).
The current residential unit cap of 1,000 new units was established by a 1989 master plan and has been reached with projects that have either been developed, are approved or are in the entitlement process. The 1989 master plan envisioned a much higher level of office development. However, market forces have changed drastically since that time and there iscurrently an opportunity to encourage high-quality housing development Downtown that will support existing businesses and allow for housing choices in close proximity to employment
opportunities.
There has been interest in increasing the allowable residential units within Subarea 4. In February 2003, Albion Pacific Property Resources, LLC, applied for Conceptual Site Plan
Review to convert the historic Ocean Center Building at 110 W. Ocean Boulevard to include retail, offices and 45 residential units. In April 2005, 444 W. Ocean, LLC, applied for
Conceptual Site Plan Review for a proposed 28-story mixed-use project with 140 hotel rooms and 80 residential condominiums at 432-440 W. Ocean Bouleva...
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