Title
Discuss Downtown 9-acre Site Parking
Summary
COUNCIL GOAL: Enhance the Quality of Life in Downtown McKinney
Direction for Strategic Growth
MEETING DATE: January 25, 2015
DEPARTMENT: Development Services / Planning
CONTACT: Matt Robinson, AICP, Planning Manager
Brian Lockley, AICP, Director of Planning
Michael Quint, Executive Director of Development Services
RECOMMENDED CITY COUNCIL ACTION:
* Consider and discuss whether or not additional parking spaces should be added to a proposed parking structure on the 9-acre site as part of Columbus Realty Partners, Ltd.'s forthcoming development.
ITEM SUMMARY:
* At the January 4, 2016 City Council Work Session, the Council requested to receive feedback from Columbus Realty Partners, Ltd., the developer of the proposed Downtown 9-acre redevelopment site, regarding the potential for additional parking on the site. Specifically, the Council was requesting feedback on three items:
o Can additional public spaces be added to the site?
o How would the spaces be accommodated? and
o What would be the costs associated for adding additional parking?
* Columbus Realty Partners, Ltd. has preliminarily indicated that an additional 100 below grade parking spaces could be added to the parking structure that they anticipate building at a cost of $20,000 per parking space.
* Columbus Realty Partners, Ltd. has worked with staff to develop a land plan for the redevelopment of the approximately 9 acres of land, that would include new residential, commercial and office uses in a planned compact and pedestrian-walkable design.
* As part of Columbus Realty Partners, Ltd. land plan, the following elements are proposed to be included within the development:
o 45,000 square feet of Office Uses;
o 20,000 square feet of Retail Uses;
o Approximately 329 Residential Dwelling Units;
o 319 public parking spaces (on-street and in structured parking), with an additional deed restricted a...
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