04/13/2016 P&Z Packet - Laserfiche WebLink

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Mattamy Homes Limited Minneapolis Division 3. Help prevent monotony in the development. In addition to varying house facades, density and lot size helps create more variety and, in many cases, sub -neighborhood identity. 4. Increase absorption. NAHB statistics state that for every $1000 you raise the price of a home, you lose 1500 buyers. Offering a long continuum of price ranges capture more of the overall market, increases sales and puts more homes on the tax rolls sooner. A struggling project is bad for both the City and Mattamy. 5. Accommodate different lifestyles. The proposed townhomes and the age targeted (single level living) products appeal to both younger and older buyers, both in the floor plans and the low maintenance lifestyle sometimes referred to as Lock and Leave or Snow and Mow. The single family product line will come in 4 different sizes and corresponding lot sizes — 44' wide lot, 55' wide lot, 65' wide lot and 75' wide lot. Home sizes range approximately from 2000 square feet to 3500+ square feet. The 44' and 55' wide lot will accommodate a 2 car garage; the rest will all accommodate a 3-4 car garage. Interestingly, in a project we recently opened near Lake Minnetonka, large percentage has been with a 2-car garage. We may be seeing some generational changes in housing preference. All homes with the exception of the 44' wide lots are proposed to have 25' front yard setbacks, 7.5 side yard setbacks (both) and minimum 25' rear yard setbacks. In keeping with our market analysis, all the lots have been designed to have a 40' or greater rear yard. At this point we are proposing the same front and rear setback for the 44' wide product but with a 6' sideyard setback. Since all our homes are built "to the side setbacks" (as are most builders), it is interesting to note that the percentage of open space along a block of homes actually decreases as the lot size goes up. What is critical with narrower lots is the design of the fagade; we hope that we have illustrated that our designs take this into consideration in past presentations. The plan concentrates the more dense detached units and the townhomes on the south end of the site where commercial uses are more likely to occur, the park -and -ride is located, and existing townhomes are present. Maximum Yield Plan Comoarison It is difficult to accurately compare this proposal against the zoning ordinance in that it is guided for mixed use and zoned agricultural. The Comprehensive Plan allows for a net residential density of 4.5 du/acre or 1,575 units; Watermark contains 871 units. With the limiting density