REPORT TO CITY COUNCIL
SUBJECT
Title
Update on Tasman East Specific Plan Implementation [Council Pillar: Promote and Enhance Economic, Housing and Transportation Development]
Report
BACKGROUND
On November 13, 2018, the City Council adopted the Tasman East Specific Plan (TESP) to guide the transition of an underutilized 45-acre industrial neighborhood immediately adjacent to the Santa Clara Valley Transportation Authority Lick Mill Light Rail station into a pedestrian-friendly and transit-oriented development with the addition of 4,500 new residential units near transit and jobs. The Specific Plan also incorporates approximately 100,000 square feet of neighborhood-oriented and convenience retail and 10 acres of open space including various outdoor recreational facilities and landscape features, a public plaza, pocket parks and paseos.
DISCUSSION
There has been strong development interest within the Specific Plan area since its adoption. As shown in Attachment #1, to date, there are currently five projects in the architectural review process and an additional six projects that have completed the architectural review process and submitted building permit applications. While all projects are subject to an inclusionary affordable housing requirement, the projects currently under construction also include a 100% affordable housing project with 196 rental units, developed by St. Anton Tasman East, LP. In total, 4,484 residential units are either approved or pending for development out of the 4,500 units of capacity available within the adopted Tasman East Specific Plan.
As staff works with the Tasman East developers on projects in the Specific Plan, hurdles relating to implementation of certain aspects of the Specific Plan were identified. On August 20, 2019, the City Council approved a contract amendment with the City's planning and environmental consultant for Tasman East, Perkins + Will, to prepare an update to the Tasman East Specific Plan to analyze the replace...
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