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Existing zoning and future land use <br />3499 Lexington <br />North <br />South <br />East <br />West <br />R-3 — <br />B-2 — <br />Townhouse & <br />R-4 — <br />B-2 — General <br />General <br />Low Density <br />Multiple <br />Zoning <br />Business <br />Business <br />Residential <br />N/A <br />Dwelling <br />Future <br />High <br />Land <br />Community <br />Community <br />Low Density <br />Right -of- <br />Density <br />Use <br />Mixed Use <br />Mixed Use <br />Residential <br />way <br />Residential <br />Concept Plan Proposal <br />For this project, Roers Companies would be the developer, project manager, construction <br />company and long-term operator of the project. As described in the materials provided by Roers, <br />the firm is stated to have a number of years of professional experience in development within <br />this market and would be ownership partners for this project. <br />Roers Cos. plans to purchase the entire property, demolish the existing structure and revise the <br />layout on the site to include a driveway on Lexington Avenue for access to proposed structured <br />parking in the building and a driveway on Harriet Avenue for access to a surface parking lot. <br />This parcel would be developed with approximately 167-unit market rate rental apartments in <br />one building with rents targeted to those who make between 80% and 100% of the region's area <br />median income (AMI). For context, this could mean that a one -bedroom apartment would be <br />approximately $1,405/month and a three bedroom would be about $2,244/month. <br />The proposed building is a four-story building with basement garage parking and 142 surface <br />parking stalls on the south side of the building, which is proposed to be located in the NW <br />portion of the site. The location of the building is set back from both streets to locate the building <br />closer to the retail/commercial uses to the north than to the residential uses across Harriet <br />Avenue. That portion of the parcel is also the most buildable area. Other proposed amenities <br />include an outdoor play and recreation area, sidewalk and trail connections and convenient <br />access to the shopping center to the north. Amenities proposed within the building envelope <br />include a clubhouse/party room with access to outdoor games and a pool. <br />The developer has not yet developed design documents to show the exterior of the building <br />design. Given that, the City Council is directed in Section 1325.05 — Design Standards, Subd. 6, <br />for Aesthetics to evaluate the impacts on surrounding area due to the proposed design, scale, <br />massing, materials, height and other aspects of the subject matter as to whether the appearance <br />will cause a substantial depreciation in the property values in the surrounding area or to <br />unreasonably detract from the appearance of the area or the city as a whole, the developer will <br />take feedback given today, and provide additional information about the exterior finishes of the <br />building materials prior to initiating the required community meeting and applying for other city <br />entitlements. <br />The maximum density allowed with a Planned Unit Development or Special Use Permit within <br />the B-2 District and Community Mixed Use (CMU) District is 20 units per acre. The apartment <br />building as proposed is approximately 27 units per acre and would trigger a request to amend the <br />zoning code and the comprehensive plan. Staff is seeking feedback regarding density increases. <br />One option is to amend the zoning code to allow for a greater density by right in the B-2 district <br />Page 3 of 6 <br />