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6th Cycle Program 1.7: Facilitate the development of the <br />large Kiewit and Stoneridge Mall properties and other High <br />Density sites larger than 10 acres with housing by <br />undertaking the following programs: <br />1. Stoneridge Mall: Prepare and adopt a Specific Plan, Master <br />Plan, PUD plan, or similar planning framework for <br />development of the Stoneridge Mall property (Area 2), in <br />cooperation with the various property owners, that <br />incorporates housing at the amount and densities specified in <br />the housing sites inventory, including lower-income housing, <br />as well as complementary commercial uses. The goal of the <br />planning effort is to create a vibrant mixed use and transit- <br />oriented development that provides significant housing <br />opportunities, including affordable housing, in proximity to <br />employment, shopping and services, that is well connected to <br />and incorporates multimodal transportation facilities. As a first <br />step in this process, develop initial policy guidance for the <br />mall through a “Framework” that will be the basis for future <br />planning and a forum to develop consensus around a vision <br />for the mall for the affected property owners and the <br />community. <br /> [... for further text see Housing Element Document] <br />200 lower-income units approved or <br />constructed on large sites by January 2031 <br />Complete concept-level <br />planning (Framework) for <br />the Stoneridge Mall (March <br />2023). Complete and <br />adopt/approve detailed <br />Master Plans for Stoneridge <br />Mall site (July 2025) and <br />Kiewit property (July 2024). <br />Outreach to property owners <br />for other large sites: June <br />2023, and coordination to <br />offer technical support by <br />October 2024. If the City’s <br />efforts are not resulting in <br />progress toward housing <br />entitlement/development on <br />large sites by October 2026, <br />the City will review and <br />revise support efforts by <br />May 2027. The City’s action <br />shall be commensurate with <br />the level of progress toward <br />housing <br />entitlement/development on <br />large sites (e.g., if no <br />progress has been made, a <br />rezoning action of additional <br />sites may be required). <br />1. In December 2023, the City Council approved the Stoneridge Mall Framework <br />Components, which outlined how housing allowed under the 6th Cycle Housing <br />Element was to be allocated <br />among the four property mall owners and six parcels at Stoneridge. It also defined a <br />Vision Statement, Guiding Principles, and a series of Design and Placemaking <br />Elements to be reflected in a future Framework Plan. The intent of the document is to <br />provide guidance for any subsequent efforts related to the comprehensive, long-range <br />planning of the mall. Since approval of the framework, the City has met the Stoneridge <br />Mall property owners to discuss existing conditions and constraints at Stoneridge, <br />understand each owners’ development interests and priorities, assess key issues to <br />be identified as part of a master planning effort, and to discuss elements of the next <br />steps. <br />2. Kiewit: Kiewit project currently under review. <br />3. Other large sites: City Council adopted conforming zoning for each of the large <br />sites in December, 2023, consistent with the Housing Element; and has been in <br />contact with owners/representatives of the Signature Center, Metro 580, and <br />Hacienda Terrace sites in 2023 to discuss potential development opportunities.