2018.08.06 CC Packet - Laserfiche WebLink

Home

MWF Properties Frenchman Lofts Sketch Plan Pg. 2 to the front side of the building and less on the back side may allow for an architectural design that is more fluent with the City's multifamily building design guidelines. 1. BACKGROUND: Starting in 2008, the City Council approved a rezoning, preliminary plat and final plat for a phased development on 54.1 acres known as Frenchman Place. Developments within Frenchman Place include medical buildings, a daycare, and a church. The proposed Frenchman Lofts apartment project is proposed to be located on an outlot of Frenchman Place. 2. DESCRIPTION OF REQUEST: The applicant, MWF Properties, has proposed to develop a three story, 45-unit multifamily apartment complex with both surface and underground parking upon an 18 acre parcel. The footprint of the apartment is approximately 19,000 square feet. The total building square footage is approximately 75,000 square feet including the below ground garage. The applicant has stated that approximately 4.5 acres are buildable. The applicant has a purchase agreement to buy the property from the owner. The property is located northeast of Festival Foods. The site contains wetlands, therefore a wetland delineation will be required. Buildable acreage for the site will then be determined. The project is proposed to provide rental housing to working class families who earn 60% of the area median income or less. This equates to $40,000 to $65,000 depending on household size. The applicant will be applying for Section 42 Housing Tax Credits (LIHTC). In return for these credits, NEW Properties is required to rent to households earning 60% of the area median income. The applicant is requesting informal comments on a sketch plan for the Frenchman Lofts apartment project. 3. SITE CONCEPT A. Application Process The applicant is requesting sketch plan comments prior to a formal approval. The next steps for the application would be to submit a request for approval of the following applications: 1. Site Plan 2. Conditional use permit (CUP) 3. Final plat B. Comprehensive Plan Hugo's comprehensive plan includes a focus to promote the development of low to moderate income housing for city residents. This plan is intended to maximize the city's ability to develop affordable and life cycle housing to promote efficient and well -integrated development.