01.18.22 MEETING MINUTES SPEC. - Laserfiche WebLink

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Minutes of the Special Meeting of Council Public Hearing on Ordinance 2021-14 Tuesday, January 18, 2022 Page 5 Georgian Medical Arts and Ken's Auto right here. Then it would sort of wrap around SOM Court. So this would be the CEI property. This would be the Rockwell property and this would be the Mount Vernon property. So essentially everything that's currently commercial is proposed for this overlay. What would the overlay do? Allow companies to grow in place, grow taller if they need to, grow closer to the street if they need to, all while protecting things like the rear setbacks near the residences at SOM Court Development. It would also still require folks to respect the stormwater requirements we have here in the Village and parking requirements. They couldn't just jump in and build a 40 -story building because you have got to do something with the rainwater and you have to do something with the cars. Unless you can get together enough property to achieve all of that, this really wouldn't be for everyone. Nothing would change with the property. Looking at the Village, this is a pretty typical look at our properties. Again, a generic picture, not signaling anybody out in particular, but this is from the street. It's sort of what you saw from 10,000 feet. Typical condition along Beta is characterized by a large setback and a one-story building. And again, there's nothing inherently wrong with what you see here. What it does is sort of inefficiently use that property. I keep coming back to that word inefficiency. Many property owners come in and say, John, if that's 6 acres, I can only go on 4. If 4 acres, I can only rent 30,000 square feet. Other cities you can rent 50,000-60,000. So, again, efficiency is key. This property is a generic snapshot of something you might see along Beta. It's fully built out. There's nothing inherently wrong with it. It meets Code. It's operating lawfully. But when you compare it to the slides that we just saw of those other districts in Northeast Ohio, it doesn't give this property owner much yield from his acreage. So, under the overlay, this is a bird's eye view of what you just saw. If anything, this front yard might actually be too small. This is deep right here. Again, birds eye view of what you just saw. Nothing wrong with it. It works okay, unless this company needs to grow. Under the overlay, what this might help this company achieve is something along these lines where again, the building might go from 60,000 square feet to 90,000. Again, you still have to manage your stormwater. They are underground now. You still have to meet your parking requirements. Again, front yard gets shrunk, building gets bigger, more employees can be housed there. It also might help achieve something like this where again the building grows to 90,000 feet but instead of more plant, it may become a multi -tenant building providing more opportunity for new tenants, new employees and revenue for that property owner. This is pretty similar to what we see actually currently at 700 Beta which is in front of the Hilton Garden Inn. It's an old industrial building that became a multi -tenant building. This idea is not entirely out of the blue. Or it may help an owner do something like this, maintain a 40,000-50,000 foot industrial building back here and introduce an entirely new use on to the street out front. This may be something like a coffee shop, lunch spot, a UPS store, something to support the businesses