05/14/2001 Council Packet - Laserfiche WebLink

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• • • Project Components /Thresho /d Criteria Proposed Densities: The Lino Lakes draft comprehensive plan allows Village housing densities between 10 and 24 units per acre. Phase I development plan for 7.5 acres of city -owned property includes 48,000 5F of retail, 15,000 5F of office, a daycare and 90 units of rental housing. The complete development plan calls for an overall housing density of approximately 18.5 units per acre. Mix of Uses: The complementary mix of land uses includes retail, restaurant, entertainment, daycare, civic facilities, recreation (park and YMCA), employment, housing, and community open space to encourage pedestrian traffic and support future transit use. These uses are intensified through narrower streets, on- street parking, shared parking requirements, "build -to" lines, office above retail, and pedestrian connections. The Village preliminary site plan (see attachment) includes: Completed: Civic Complex 50,672 SF Bank: 5,000 SF Clinic: 9,613 SF Phase I: YMCA 45,000SF Office /Service 15,000 SF Retail 48,000 SF Daycare 5,000 SF Phase II: Retail Office Hotel 25,000 SF 16,000 SF 75,000 SF Housing Mix and Integration: The housing mix for all phases has an anticipated 380 units of diverse housing opportunities in the Village upon completion, including: • 175 rental apartment units (80% market rate and 20% affordable at 50% of the median income.) Apartments to include studios, one - and two - bedrooms (Phase II) • 90 units of rental "empty nester" apartments with the same mix of market rate and affordable (Phase I) • 115 for -sale townhomes (80% market rate and 20% affordable at a range of 80 -115% of the median income. Townhomes will include several unit types, including single level and two -story with two or three bedrooms; and approximately 10 live /work units (Phase II) Employment Proximity: Current employment within one mile of The Village, plus a conservative estimate of anticipated employment in the completed Town Center, is 2,650. Within several years, ancillary development within one mile will likely increase employment to more than 3,000.