Original Project Description (not reflecting Reduced Density Proposal):
The Project as originally proposed would have involved the development of a mixed-use project with a total of approximately 1,400 multi-family residential units (approximately 1,663,061 square feet of residential floor area) and ancillary common area and recreation amenities and proposed retail uses resulting in a total project floor area of approximately 1,762,531 square feet. The Project as originally proposed provided approximately 34,000 square feet of retail uses, including approximately 6,000 square feet of restaurant use. More specifically, the Project as originally proposed would have consisted of two structures, a six-story building on the eastern side of Flower Street (Site A) and a 44-story building directly across from it, on the western side of Flower Street (Site B). Site A would have contained approximately 34,000 square feet of retail uses and 919 multi-family units; Site B would have contained approximately 481 multi-family units. Parking for the Project as originally proposed would have consisted of approximately 3,204 spaces provided in three subterranean levels and one ground level located beneath Site A and five subterranean parking levels located beneath Site B.
Reduced Density Proposal:
The Applicant's Reduced Density Proposal (referred to herein as the Reduced Lorenzo Project) would not change the proposed height, unit count and retail square footage on Site A, but would reduce the proposed structure on Site B from 44 stories to 12 stories and from 481 multi-family units to 132 multi-family units. This Proposal would also result in a reduction in total project parking from 3,204 spaces to 2,447 spaces, which would be provided in two subterranean levels and one ground level located at Site A and four subterranean levels and one ground level located at Site B.