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Section 1: Introduction, Project Location and Description <br />Planned Development Districts (PDD's) provide one of the best structures for producing a <br />unified and physically cohesive community. PDD Districts are intended to encourage flexible <br />and creative planning, to ensure the compatibility of land uses, to allow for adjustment to the <br />changing demands to meet the current needs of the community and to result in a higher quality <br />development for the community than would result from the use of conventional zoning districts. <br />The Chestnut Street Lofts will be developed as a 77 unit mixed use development incorporating a <br />mixture of ground floor retail uses with multiple stories of loft apartments along the frontage of <br />Chestnut Street and multifamily apartments behind the street frontage retail and loft apartment <br />uses. For the purpose of this PDD, Loft Apartments shall be defined as a residential living <br />space that is located on the second floor (or above) of a structure that has a nonresidential use, <br />such as an office or retail shop, operating on the first floor. Parking will be provided through a <br />combination of underground parking and limited surface parking and on- street parallel parking. <br />It is envisioned that this PDD will be the initial phase of a larger development along Chestnut <br />Street; however, due to development constraints related to the future phases of this <br />development, this initial phase is being developed as a stand -alone project that can operate <br />independently of the other phases. <br />The Project Site contains 1.95 acres of existing platted lots and an undeveloped platted ROW <br />that is proposed for abandonment. The total area of the proposed PDD Zoning District will be <br />2.11 acres. <br />The Project Site currently has a Future Land Use Map designation of Commercial (C) and Low <br />Density Residential (LDR) and an existing zoning of Neighborhood Commercial (NC) and <br />Multiple Family Residential (MF -12). The portion of the Project Site southeast of the existing <br />undeveloped right -of -way (ROW) of Live Oak/Acorn Street is designated as C and NC while the <br />portion on the northeast of the ROW is designated as LDR and MF -12. The Project Site will be <br />developed with approximately 8,000 square feet of retail uses and 3,600 square feet of <br />clubhouse area serving the residential apartments. The PDD proposes a base zoning <br />designation of Mixed Use (MU) with a corresponding future land use map designation of Mixed <br />Use for the entire project site. <br />The development of this property will follow a modern, urban design with enhanced streetscape <br />including wide sidewalks, trees within the sidewalks, a combination of planter boxes, seating <br />areas and building lines close to the street to encourage pedestrian activity, upper stories off -set <br />from the ground floor retail to provide visual distinction between uses and architecture that <br />follows a modern, urban design combining masonry, metal and glass exterior elements for <br />visual interest. Specific architectural elevations are provided in Exhibit C. <br />Chestnut Street Lofts will incorporate various "Smart Growth" principles which are being <br />promoted by The City of San Marcos for new developments. By virtue of its proximity to the <br />University and creating an urban streetscape with wide sidewalks and outdoor gathering areas, <br />residents will be encouraged to walk or bike to classes, thus reducing traffic congestion and <br />burden on parking. The building also employs a vertical density, compact design with structured <br />parking, to reduce its footprint. <br />3 <br />