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8.2 Residents: The Community Development Department has estimated that with 730 new homes, <br />there will be an estimated 1,100 to 1,350 new residents when Phase 1 is fully constructed and <br />sold. The 2001 plan projected less than half this number of new residents in the same area. <br />8.3 Jobs: The Community Development Department has estimated that the office and retail <br />developments will create a total of approximately 1,000 jobs generating an estimated $61,000 <br />dollars per office job and $35,000 per retaiUservice job. This equates to $24 million in annual <br />office wages and $ 21 million in annual retaiUservice wages, for a total of $45 million in new <br />wages (unadjusted for inflation). These projections are estimated based upon the same <br />calculations used in the 2001 Master Plan. The 2001 plan projected 3,000 to 5,000 new jobs <br />depending upon the density of development. <br />Estimated Job Creation in Twin Lakes Phase 1 <br />Source: Ma�eld Research (��O�bJ�i'� <br />Employer Building Size Employees Ratio Comment <br />�C}�T�C� �ar 150,000 sq. ft. �5� cr�pEoy�e�s �aba�r� <br />other large box 1��l1,[]f][� ��j <br />Mass/Discount <br />Retailer <br />Large Bookstore 24,000 sq. ft. 36 employees (about <br />1.5/1,000 s.f. <br />Home 34,000 sq. ft. 34 employees (about <br />Furnishing� 1.0/1,004 s.f.) <br />Dnxgsto� 10,000 sq. ft. 20 employees (about <br />2.0/1,000 s.f.) <br />�it-do+�n 18,000 sq. ft. 72 employees (about � <br />Restaurant �.�f1.�}I} s.f.) , <br />Fs�t Food 7,000 sq. ft. 30 employees (about 3.0- <br />Restaurant �.�1 � s.f. <br />�t�diti�ar�al 96,000 sq. ft. 120 employees �out 1.01800 <br />Retailers s_f_� <br />�fficef Hi-t�ch �1,� s�.t�. �40 �m�l�+��es ��b��t �_�f C,� �'�,rr�r,�*��� f{� <br />assembly and s_f_� ��� ���� <br />Software Prog. �'�"� <br />Totals: �f�,�][]ii �q. F�. ] ,�fM2 <br />employees - <br />PF3595_RCA_Twin_Lakes_General_Concept_122004 Page 20 <br />