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Retail Mixed Use Market Study Update 1 January 6, 2010 <br /> Additional Opportuni Sit <br /> 5. Mercedes <br /> inw <br /> Size: 3.2 acres; 1.2 acres y€ <br /> Frontage: Owens Drive, Chabot Drive and I- <br /> 580 Igs <br /> Proximity to BART: .25 miles . <br /> Average Daily Traffic: ' 20,100 trips <br /> Visibility/Access: High -• <br /> 713. . ansI <br /> Description <br /> The Mercedes site is located at the intersection <br /> of Owens Drive and Chabot Drive, with <br /> additional frontage on the Interstate 580. The Figure 5: Mercedes Site Location <br /> opportunity site is non- contiguous, with a <br /> Chevys restaurant located on the parcel between the two Mercedes sites; only the sites with the <br /> dealerships — which are relocating to Staples Ranch — might be considered for redevelopment. <br /> Although this site is highly visible, the size and configuration of the parcels would make any kind <br /> of mixed -use development difficult. In order to maximize the likelihood of successful retail <br /> development on the W.P. Carey site, Strategic Economics recommends that this location be <br /> redeveloped as office, hotel or a retail use that does not compete with those being proposed for <br /> elsewhere in Hacienda. <br /> 6. Oracle <br /> Size: 3.7 acres, <br /> Frontage: Owens Drive, Oracle Lane and I -580 : "r k% • PL <br /> Proximity to BART: .31 miles { k c <br /> Average Daily Traffic: 2 16,000 trips <br /> Visibility/Access: Medium <br /> i <br /> Recommended Use <br /> The Oracle site is located on Owens Drive, with <br /> additional frontage on Oracle Lane and 1 -580. <br /> The site is currently occupied by Oracle <br /> Corporation, which currently plans on Figure 6: Oracle Site Location <br /> eventually occupying the entire site. Any <br /> altemative development scenarios on the site would require outreach and potentially partnership <br /> with the company. If some use other than the Oracle Campus Expansion were to be pursued, an <br /> agreement with Oracle can be reached, Strategic Economics recommends that this site be <br /> City of Pleasanton Website: Traffic Counts Map. www.ci.pleasanton.ca.us /services /traffic /trafficcounts- <br /> map.html. Accessed 11/19/2009. <br /> 2 City of Pleasanton Website: Traffic Counts Map. www.ci.pleasanton.ca.us /services /traffic /trafficcounts- <br /> map.html. Accessed 11/19/2009. <br /> 55 <br />