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2004-05-18_Agenda
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2004-05-18_Agenda
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Commission/Committee
Commission/Authority Name
Housing Redevelopment Authority
Commission/Committee - Document Type
Agenda/Packet
Commission/Committee - Meeting Date
5/18/2004
Commission/Committee - Meeting Type
Regular
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single-family homes. The small lot single family home option can serve as a first-time home <br />purchase option similar to the homes proposed for Applewood Court. <br />The largest component on the site includes a higher-density condo project or senior apartment <br />building with a front face on McCarrons Boulevard across from the existing McCarrons <br />Apartments. It is estimated that a three-story building could accommodate approximately 36-42 <br />units with underground parking.Sophisticated designs for condo or apartment uses are a more <br />appropriate level of density near existing higher-density housing, church and business uses in <br />part because their building mass can help reduce the noise and light impacts from business areas. <br />Another option evaluated would be 12-three level townhomes with tuck under garages. This <br />type of product is very popular in Roseville and with the site features would be easy to sell. <br />The site will have views of the wetland area and should have church parking lot connections to <br />the open space and the neighborhood. Shared parking and access between the Church(and/or <br />Armory) and the Guptil south site should be explored to reduce the hard parking and paving <br />surfaces of the development, thereby increasing greenspace and maximizing site usage. <br />A strength and complement to higher density housing in this area is the pathway connection <br />along the McCarrons Boulevard connecting to the east side of Rice Street and the McCarrons <br />Lake Pathway on the west. (Refer to Appendix E.5. for Development Scenario Maps) <br />Economic Benefits: <br />The following table summarizes the potential economic and social benefits to the neighborhood <br />due to the redevelopment of 185 McCarrons (Guptil site) using the assumptions provided below. <br />(The economic benefits of the longer-term redevelopment along Rice Street have not been <br />estimated.) If the Guptil site were redeveloped with a mix of high and median density residential <br />uses it is estimated that approximately 30-70 new residents, and $4 to $6 million in new property <br />value would be created. Currently within the study area there are an estimated 511 residents, 100 <br />jobs and $48.5 million in assessed market value. <br />Assumptions: <br />Ownership condo units: $120 to $140,000 per unit /1.4 people per unit <br />Rental condo/apartment units: $60 to $80,000 per unit / 1.8 people per unit <br />Townhomes: $200 to $250,000 per unit / 1.6 people per unit <br />Small Lot Single Family: $200 to $250,000 per unit / 2.4 people per unit <br />Description of Possible Future Land Acres Units Est Assessed Residents <br />Use - Guptil Site Value <br />A.1. <br /> S.F. Attached (Townhomes) 0.5 6 $1,500,000 10-12 <br />A.2 <br />. Small Lot single family 4 $1,000,000 9 <br />B.1 <br /> Multi-Family (Apartments, Condo, 0.55 36-42 $2,400,000 to 50 <br />Senior)$4,680,000 <br />B.2. SF Attached (townhomes) .55 12 $3,000,000 19 <br />Open Space/Right of Way 0.95 <br />- <br />Total 2.0 16-48 $4-$6 million 28 to70 <br />- <br />S.F. = Single Family Housing <br />DRAFT MAY 18, 2004 18 <br /> <br />
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