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September 8, 2020 <br />Page 3 <br />GENERAL INFORMATION <br />Applicant: Interstate Development <br />Owner: Apache Redevelopment, LLC <br />Location: 3725 Stinson Boulevard <br />Existing Land Use Vacant <br />Zoning: PUD, Silver Lake Village PUD <br />Surrounding Land North: Multi-family housing, zoned PUD <br />Use / Zoning: South: Restaurant, zoned PUD <br />East: Multi-family housing, zoned PUD <br />West: Multi-family housing (City of Columbia Heights) <br />Deadline for Agency Application Complete Date: July 23, 2020 <br />Action: 60 Days: September 21, 2020 <br />Letter Sent: NA <br />120 Days: November 20, 2020 <br />ANALYSIS <br />Background. The applicant is proposing to construct a three-story, 38-unit apartment <br />building upon a vacant, 0.85-acre site located south of 38th Avenue Northeast and east of <br />Stinson Boulevard. Of the 38 proposed units, 30 are to be one-bedroom and 8 are to be <br />two-bedroom. <br />According to the applicant, the apartment units are intended to target renters who wish to <br />live in “new construction” but cannot afford rents associated with typical luxury <br />apartments. In this regard, the target resident profile for the proposed apartment building <br />project is an annual household income starting in the low to mid $40,000 range. <br />The applicant has indicated that the apartment building will incorporate several features <br />which are common in luxury apartment developments. These features include the <br />following: <br />•Quality exterior finishes (cement board and brick veneer siding) <br />•Quality interior fixtures, flooring, cabinetry and countertops (solid surface) <br />•Ceilings which measure 9 feet in height <br />•In-unit washers and dryers <br />37