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Minimum Combined Commercial Development to residential use in <br />response to market conditions, provided Developer still meets the <br />individual minimum requirements for office space and retail space set <br />forth above. <br />Developer will submit a summary of anticipated retail tenant categories <br />for the City's review, which tenant mix will be generally consistent with <br />the product mix concept submitted by Developer in response to the RFP. <br />b. Residential Development Requirements. The Project will include a <br />minimum of the lesser of either (i) 140 residential units or (ii) 100,000 <br />square feel (the `Residential Component "). The residential units will be <br />(i) reflective of current and anticipated market conditions, (ii) respectful of <br />and sensitive to the scale and character of the surrounding single fancily <br />neighbors, and (iii) responsive to the changing dynamics of housing <br />demand and availability within the City of Lakewood. Developer shall <br />strive to include at least 15 "for sale" units or 15,000 square feet of "for <br />sale" residential space, whichever is less. <br />If Developer elects to engage a partner in (or assign responsibility for) the <br />Residential Component to a third party, such partner or assignee shall be <br />subject to the City's approval, which approval will not be unreasonably <br />withheld, conditioned or delayed. <br />C. Preservation of Curtis Block. The Curtis Block building has been <br />designated as an historic structure pursuant to Chapter 1134 of the City's <br />Zoning Code. Developer's incorporation of the Curtis Block into the <br />Project will include the following: <br />i. Developer will secure a certificate of appropriateness for the <br />exterior of the Curtis Block building from the Architectural Board <br />of Review ( "ABR ") which confirms that proposed design plans for <br />the building are in accordance with Chapter 1134. <br />ii. Developer will retain the building's key architectural features, and <br />implement measures to preserve the existing form, integrity and <br />materials of the building when economically feasible. <br />iii. Developer will collaborate with the City to jointly explore the <br />highest and best use of the Curtis Block, including considering <br />tenant and use options that support community initiatives, <br />organizations, goals and /or programs. <br />d. Public Space/Improvements. The Project shall include no less than <br />.5 acres located at the corner of Detroit Avenue and Belle Avenue <br />dedicated to public use (the "Public Plaza"). Ownership of the Public <br />Plaza will be transferred to Developer in a marmer more particularly <br />described in the Development and Use Agreement (defined below). The <br />2 <br />4832 -1246- 5749.18 <br />