The Planning Commission will debate two development agreements with NMS properties for new, mixed-used projects in Santa Monica at itsJuly 22 meeting.
Staff members are recommending development agreements for the two projects and have listed the "community benefits" associated with each project.
NMS wants to build an 84-foot (six-story) building of approximately 52,545 total square feet, 6,345 square feet of ground floor commercial space, 64 residential units and 105 parking spaces within a three-level subterranean parking garage at 1415 5th St.
The project requires a development agreement because it exceeds 32 feet in height and is located in the Downtown. The site is currently occupied by a two-story commercial/office building that is home to a nail salon and a menswear store.
Community benefits include 13 units of affordable housing, an affordable housing disability preference, a transportation demand management (TDM) plan, a contribution of $20,000 to the City for Transportation Management Association programs, a $40,000 payment to the Big Blue Bus for transit improvements in the Downtown, a Transportation Impact Fee of $90,000, a Parks and Recreation Fee of $280,000, a contribution to the City in the amount of $100,000 for early childhood initiatives, $50,000 to be used for historic preservation, a local hiring program and shared parking for non-project uses.
Sustainability requirements include a commitment to achieve LEED Platinum certification, installation of solar panels on the roof, a reduction in energy usage, commitment to water conservation, a payment of $300,000 to be used for water conservation and electrical vehicle parking.
The second project is a 60-foot (five-story), 102,500-square-foot building with 13,800 square feet of ground floor commercial space, 100 residential units, and 232 parking spaces within a three-level subterranean parking garage.
The project, located at 1560 Lincoln Blvd., requires a development agreement as it qualifies as a Tier 3 project under the Land Use and Circulation Element. Denny's restaurant is the current occupant of the site.
Community benefits that have been negotiated as part of the development agreement include: 20 affordable housing units, an affordable housing disability preference, a contribution of $750,000 toward transportation programs, a contribution of $745,000 toward parks and recreation programs, a monetary contribution of $175,000 toward development of affordable housing units in the City, a contribution of $150,000 that would support early childhood initiatives, a contribution of $50,000 toward historic preservation programs, a contribution of $80,000 toward Big Blue Bus transit improvements in the Downtown area, a contribution of $50,000 toward Transportation Management Association programs, and a transportation demand management (TDM) plan.
Sustainability requirements include LEED Platinum certification, solar panels, lower energy use, lower water use, use of recycled water for landscaping, a contribution of $300,000 toward water conservation programs, a bioswale and water infiltration system and electric vehicle parking.
Additional requirements include shared parking, a community meeting space and a local hiring program.
The July 22 meeting will also include discussion of an alcohol license for a new restaurant located at 214 Wilshire Blvd.
The Planning Commission meets in City Hall, 1685 Main Street at 7 p.m.
editor@www.smdp.com
