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Planning Case No. 477-97 <br /> D.W. Jones PUD Project <br /> April 2, 1997 • <br /> Page 4 <br /> .It is evident the larger tract of land in the southeast corner of Silver Lake Road and <br /> Highway 10 has a highest and best use which is oriented for some type of mixed-use <br /> development that may include one or more of the following: <br /> 1) some type of more intensive commercial development, k-ated in the immediate <br /> southeast corner of Silver Lake Road and Highway 10, maximizing the exposure <br /> and excellent access to this site; <br /> 2) a low-rise office and/or medical/professional building that would be oriented for <br /> either a single tenant or multiple tenants; <br /> 3) some type of destination-oriented commercial service facility (or facilities) such as <br /> light auto repair, a mortuary, a bank, etc; and <br /> 4) a higher density residential project or partially-or fully-assisted senior housing <br /> complex. <br /> Not all of these uses could be built on this property because the site isn't large enough, but <br /> a combination of two or three is definitely possible. We need to stress that the most <br /> valuable piece of undeveloped land in the entire study area is the immediate southeast <br /> corner of Silver Lake Road and Highway 10. This part of the subject site should be <br /> oriented for commercial business that relies on 'impulse"traffic, rather than destination- <br /> oriented traffic. <br /> • <br /> The second study was a market analysis done for the applicant by Biko Associates on the gas <br /> station use. This study was distributed to you at your last meeting. It calculates that the five gas <br /> stations on Highway 10 are capturing 36% of the household and through-traffic markets for <br /> gasoline sales, based on a series of assumptions noted on page 2-3 of the report. It concludes that <br /> the market saturation by existing retailers is fairly low, and there is sufficient market to support an <br /> additional gas station. <br /> Unresolved Issues <br /> Land Use/Community Desires. To be approved, this proposal will require a rezoning from the <br /> current B-2 designation to a Planned Unit Development (PUD). It is our understanding, based on <br /> the Planning Commission discussion at the last meeting, that there are concerns with the gas <br /> station/convenience market/car wash use in this proposal. This use is consistent with the Towle <br /> Report and the market analysis submitted by the applicant. Staff does not have the expertise to <br /> critique the marketing study. We would comment, however, that the market for satisfying the <br /> desires of motorists traveling on Highway 10 for gasoline is probably not the full 28,500 through <br /> trips carried by this roadway. We would expect that any gas station between the beginning and end <br /> point of the motorist's commute is a possible source of satisfying that motorist's demand for <br /> gasoline. There may still be unsatisfied market demand after taking this larger market into account, <br /> but an analysis which deals with this issue would be helpful. • <br /> The point at which to deal with whether or not a use is appropriate in a community is at the <br /> rezoning stage. The current B-2 zoning on the property does not allow for gas stations, <br />