PL PACKET 11162004 - Laserfiche WebLink

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Staff Report Date: November 16, 2004 To: City Planning Commission From: Perry Thorvig, Consultant Planner Subject: Apache Medical Center Building Renovation and Expansion Plans The Proposal The owners of the Apache Medical Center Building are exploring the possibility of renovating their existing four-story medical office building and building two new four story condominium buildings on the same lot. They are seeking an amendment of the existing PUD zoning and inclusion in the existing PUD project. This is needed because of having three buildings on the site and the introduction of housing units onto a site that has been zoned commercially. They also are just short of the three-acre minimum lot size requirement for a stand-alone PUD. The developers plan on developing a project that is aimed at a younger market than the Hunt/Pratt project. They think that the project will be more attractive to first time buyers. They also intend to have a project that is not as costly and therefore would hit a different price point than the Hunt/Pratt project. It still will be in the $200 per square foot range. The units will be smaller than the Hunt/Pratt units. Most units will be at, or just below 1,000 sq. ft. The existing office building would be renovated so that all the existing medical offices above the first floor would gradually be moved to the first floor of the building. This process could take three to five years to accomplish. When the office uses vacate the upper floors, the building will be converted to condominiums. It is projected that they will have 89 dwelling units in the building and about 12,000 sq. ft. of commercial/office space on the ground floor. The exterior of the building will be changed to brick and EIFS materials similar to those used on the Hunt/Pratt condominiums and the Dominium project. The window bands in the building must be modified to meet residential design standards. The consolidation of office space is planned to go on while the two new condominium buildings are built on the site. Each new condominium building will be four stories tall and will sit on top of an underground parking garage. One of the buildings will be directly east of the existing medical building. The other new building will be located to the south along the west boundary of the Equinox apartment project. Each new building will have approximately 30 condominium units.