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