For City Council Meeting [July 28, 2020]
TO: Honorable City Council
APPROVAL: Rod Foster, City Manager
FROM: Karen Peterson, Community Development Manager
Title
Request City Council to Provide General Direction on Land Use Alternatives for The Renaissance Planning and Development Strategy Prepared by Lewis-Hillwood Rialto Company, LLC.
(ACTION)
Body
BACKGROUND
In December 2016, the City entered into a development agreement with Lewis-Hillwood Rialto Company, LLC (LHR) for the purchase and development of a portion of the former airport property located within the Renaissance Specific Plan area. This area is identified as the "BCD" and "Area A" properties within the development agreement.
At the same time, the third amendment to the Renaissance Specific Plan (RSP)was approved to retain the alignment of Renaissance Parkway, relocate business and industrial uses to the west of Linden Avenue, relocate all residential land uses and the public park east of Linden Avenue, develop up to 4 million square feet of industrial land within Planning Area 108 - Business Center zone, develop a 505,000 square foot retail entertainment center (Renaissance Marketplace).
ANALYSIS/DISCUSSION
In February 2020, LHR was asked to prepare alternative scenarios that provide for the residential build-out of the Renaissance Specific Plan area. During the past few months, LHR has met with builders to evaluate new housing types and market conditions and is now ready to present updated scenarios for the Council's consideration.
Based on the prescribed density ranges within the Renaissance Specific Plan, the developer estimates the total unit count within the "BCD" area ranges from 780 units to 1,179 units. This estimate is based upon the allowable densities for each land use classification, as shown below:
Land Use Classification
Allowable Density
Target Density
Low Density Residential
3-8 dwelling units per acre
8 dwelling units per acre
Medium Density Residential
8-14 dwelling ...
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