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October 27, 2020 <br />Page 3 <br /> <br /> <br />Staff believes that the flexibility requested under the PUD can be considered appropriate, given <br />the objectives of the Comprehensive Plan and the related improvements and amenities <br />proposed as part of the project. Staff is recommending approval of the Preliminary Plan stage <br />of the PUD for the Stinson Apartments project, with a series of conditions as noted in the <br />summary section of the report which follows. <br /> <br />Reflecting one of the concerns raised by the Commission, the City Council may wish to discuss <br />how the <br /> <br />GENERAL INFORMATION <br />Applicant: Interstate Development <br />Owner: Apache Redevelopment, LLC <br />Location: 3725 Stinson Boulevard <br />Existing Land Use Vacant <br /> <br />Zoning: PUD, Silver Lake Village PUD <br /> <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 /> <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 /> <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 />33