1992 040 Ordinance - Laserfiche WebLink

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IV DEVELOPMENT OPPORTUNITIES This chapter articulates the Study Area's development opportunities, based on the development area potentials "`~ suggested in Chapter III. RESIDENTIAL: Mayfield is clearly an affluent residential ~~ community. However, while its percent of multifamily housing units and density are comparable to other suburbs, the percent - of developed land allocated to residential uses is far below their average1 Thus, additional residential development should be encouraged. The type and quality of such development should be in -~. keeping with Mayfield's present profile. That is, development of one family detached dwellings with values and densities similar to the Village' existing residential uses represent the most viable opportunity. The aforementioned residential development in the Study Area, plus 90~ of all other vacant land in the Village, would ~ultima~ely increase Mayfield's 27.5 residential allocation to _ 41.1. While still somewhat below the typical allocation in other suburbs, Mayfield's residential viability would be strengthened. Residential rezoning of 138.0 acres of existing office/industrial zoning in Areas N1, N2 and S1 is recommended. Present zoning would not optimize the development opportunities of the Study Area. That is, negative impacts on the surrounding environment such as traffic would exceed the economic advantages of industrial uses in these locations. ` BUSINESS: Generally, the potential for further business _ development in the Study Area is limited. Existing businesses are viable and, with their companion industrial uses, contribute -- substantially to Mayfield's strong economic base. The only other location for further business development in the Study Area is on SOM Center Road south of Georgian Center in Area. S2. Land assembly, redevelopment and rehabilitation would be required; and Mayfield's existing One Story-Office Zoning District should be used in tandem with an officially adopted revitalization plan for the area. Assuming the assembly of 4.0 acres for new offices, plus 5.5 acres of converted dwelling/office uses, and 15~ land co~erage, about 60,000 square feet of floor area could be provided. Alternatively, this area should be considered for public re~se which might include a new Village Hall and related facilities.