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Page 1 of 3 <br /> <br />DATE: January 12, 2015 <br /> <br />TO: Honorable Mayor and City Councilmembers <br />Patrick Klaers, City Administrator <br /> <br />FROM: Jill Hutmacher, Community Development Director <br /> <br />SUBJECT: TCAAP Zoning <br /> <br /> <br /> <br />Discussion <br /> <br />At the December 15, 2014, City Council work session, the Council held a panel discussion with <br />multi-family developers. Key points from the panel and previous discussions are summarized <br />below. <br /> <br />Townhomes and Row Homes <br /> Townhomes or row homes are usually developed as 3- or 4-unit buildings since the end <br />units are most popular. Detached townhomes are generally around 5 or 6 units per acre. <br />Row homes can be built at up to 10 units per acre. Developers suggested that an average <br />of 7 to 8 units per acre for townhome products is reasonable. <br /> Townhomes are most likely to be developed in the neighborhood transition area, but the <br />market could also support a limited number of townhomes in the Hill or Creek <br />neighborhoods. <br /> <br />Senior Housing, Apartments, and Condominiums <br /> Senior housing and apartment buildings need 150-250 units per building in order to <br />support the common areas and amenities desired by the market and to be attractive to <br />institutional investors. Apartment buildings would likely be 4 stories of apartments (3-6 <br />acre parcels) above one story of underground or enclosed parking. <br /> Senior housing and apartment development prefers to be located close to goods and <br />services. Density in new senior and apartment developments averages approximately 40 <br />units per acre. <br /> The demographics and desires of renters have changed over the past 20 years. Today’s <br />renters want high-end finishes and amenities – essentially a condominium-type product <br />but without ownership. <br /> <br /> <br /> <br />MEMORANDUM <br />