REPORT TO PLANNING COMMISSION
SUBJECT
Title
El Camino Real Specific Plan Market Feasibility Analyses of New Development
Report
DISCUSSION
The El Camino Real (ECR) is the City's most visible and identifiable corridor. Historically the corridor is mostly developed with commercial uses, but more recently significant residential has been developed. The City's General Plan and Specific Plan goal for the ECR is to further transform the location from a series of automobile-oriented strip malls to a tree lined, transit oriented, pedestrian friendly corridor, with a mix of residential as well as commercial uses. Accordingly, Keyser Marston Associates (economic consultant) Rami & Associates and Van Meter Williams Pollack (urban design consultants) have collaborated on an analysis to identify the key factors to test current and near-term feasibility of representative development options (residential or vertical mixed-use (ground floor commercial residential above) on three selected development opportunity sites on ECR.
The consultants will provide a presentation on their feasibility analysis using the three sites listed below and then engage in discussion with the Planning Commission and the ECR Community Advisory Committee (CAC).
The study sites used for this feasibility testing are:
* Study Site #1: Monroe Street (0.35 acres)
* Study Site #2: Calabazas Blvd (2.45 acres)
* Study Site #3: Moonlight Center (14.4 acres)
ENVIRONMENTAL REVIEW
This study session does not constitute a "project" within the meaning of the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines section 15378(b)(4) in that it is a informational session that does not involve any commitment to any specific project which may result in a potential significant impact on the environment.
FISCAL IMPACT
There is no impact to the City other than administrative staff time.
PUBLIC CONTACT
Public contact for this study session was made by email to the Community Advisory Committe...
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