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community plan. <br />Several of the buildings currently located within the Northwest Quadrant are going to be acquired, business <br />and tenants will be relocated and the structures demolished to prepare the area/site for an overall, unified <br />redevelopment. The overall redevelopment will consist of the development of a mixed-use urban village. <br />This new mixed-use area will become a compact, walkable neighborhood that mixes a wide variety of <br />housing types with big -box and smaller scale retail and commercial uses. The development will connect to <br />the adjacent established neighborhood, a new Regional Park, and will provide a transit friendly environment. <br />Development plans consist of construction of a 142,000 sq/ft big box retailer, 56,000 sq/ft of smaller retail, <br />25,000 sq/ft of office, 220 market rate apartments, 336 urban flats, 26 three-story town homes, 80 senior Co- <br />op units and 44 condominiums (# and type of units are sub j ect to change based upon final development <br />plans). The development will also incorporate open spaces and water features.- The proposed improvements <br />in the Northwest Quadrant will provide an opportunity to address the poor water quality issues in Silver Lake <br />through storm water ponding and other mechanisms to address run-off, gross pollutants and other pollutants. <br />In addition, the new development will address additional demand for the sanitary sewer system, <br />reconstruction of a lift station located at Foss Road, the creation of a new east/west collector street (39' <br />Avenue -- new 4 -lane divided roadway), the reconfiguration of the existing trunk water main on the site and <br />significant upgrades in the telecommunications infrastructure associated with transit, telecommuting, and e- <br />business opportunities at the site. It is anticipated that these improvements will cost approximately $6.5 <br />million to construct. <br />APPENDIX <br />39 <br />A-2 <br />