RES 231414 - Laserfiche WebLink

B-32 | City of Pleasanton Sites Inventory and Methodology property owners and a number of public meetings to formulate feasible redevelopment concepts. The adoption of initial Framework components, anticipated to be completed in January 2023, is the first step in the comprehensive planning for the site as discussed in Housing Element Program 1.7. Key Considerations and Feasibility for Site Development: The site is within ¼ to ½ mile of the West Dublin/Pleasanton BART station, and a ¼ mile from the freeway on ramp as well as within close proximity to a high concentration of office/employment uses. The Stoneridge Shopping Center has approximately 40 acres of surface parking, not including the area already designed for housing. Staff has identified that there are approximately 18 acres within the current surface parking lots that could realistically develop with high density residential development, given that replacement parking and commercial uses would also be integrated into these areas. The Shopping Center is currently parked at a ratio of 5 spaces per 1,000 square feet, which far exceeds the typical retail parking ratio established by the City’s Municipal Code, and indicating potential to redevelop existing surface parking. All the current owners at the Shopping Center have identified interest in the creation of a newly envisioned center creating a dynamic new neighborhood to complement the existing and future mall uses. Simon, the largest property owner, has participated in several other similar residential projects at their malls nationwide. The proximity to transit would exempt housing development on the site from minimum parking requirements consistent with AB 2097.