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Item 6C Specific Use Permit The Parkview Residences ZA15-094 1 Owner: Slts Grand Ave., LP Applicant: Cooper & Stebbins Request: Approval of a Specific Use Permit for residential lofts in the Southlake Town Square “DT” Downtown District for The Parkview Residences to allow the construction of six (36) residential lofts in a five-story building Location: 1471 Federal Way, described as Lot 4, Block 4R1, Southlake Town Square, Phase I ZA15-094 Cooper & Stebbins is requesting approval of a Specific Use Permit for residential lofts in the Southlake Town Square “DT” Downtown District for The Parkview Residences to allow the construction of 36 residential lofts in a five-story building on property described as Lot 4, Block 4R1, Southlake Town Square, Phase I, an addition to the City of Southlake, Tarrant County, Texas and located at 1471 Federal Way, Southlake, Texas. 2 Before I start the presentation of each of the items I wuld like to just review the Land Use , Zoning and an aerial. The current LU is Town Center 3 The current zoning is Downtown District 4 Aerial View E SOUTHLAKE BLVD N CARROL AVE E STATE HWY 114 CENTRAL AVE This an aerial of the site. This item focuses on the area east of Central Avenue 5 The Residences This is a rendering of the residences that was approved in 2013. This Specific Use Permit (SUP) was approved by City Council on November 19, 2013 to allow the construction of 38 residential lofts in a five-story building. An SUP typically expires within six (6) months of approval if a permit for construction is not pulled. This approval extended the expiration date of the SUP from six (6) months to twenty-four (24) months which would have expired November 19th, 2015. The applicant is requesting a revision of the previous SUP approval to extend the expiration date from November 19, 2015 to March 31, 2016. STOP The applicant is also proposing and to increase the maximum height from 52’ to 59 to increase the ceiling height. of the ground level lobby and common areas by approximately 3’ to allow a ceiling height of not less than 12’ and to increase the height for all residences by approximately 1’ to allow ceiling heights of approximately 10’ for residences on floors 2-4 and approximately 11’ for the 5th floor penthouses. 6 Summary of Proposed Changes In additon to the extension of the SUP there are changes proposed to the site plan. The staff will cover the changes at a high level and the applicant will provide details to the City Council as part of his presentation. The Max. Building Height has been increased from 52’ 4” to 59’ – This is to increase the lobby and common areas to at least 12 feet in height and increase ceiling height for all the residences Decrease # of Units from 38 to 36 – two – 2 level residences on the back of the building have been eliminated reducing the count. This increased the avearage square footage from 1,929 to 2,114 sq ft. There are also a number of other lifestyle enhancement which the applicant will cover. The Presold Units Required are proposed to be reduced from 19 to 18. Garage Parking Spaces Required (2 per unit) 76-72 7 Garage Parking Spaces Provided* 76 72 There are some changes in the elevations which are summarized in your staff on attachment C, pages 4 -10. I will cover the changes in my presentation and the applicant will go into more detail in his presentation. 7 Previous Conditions of Approval (November 19, 2015) Proof of sale of a minimum of 55% of the Garden District Brownstones (19 of 33) prior to issuance of a building permit for The Residences; and Pre-sale of a minimum of 50% of The Residences homes (the equivalent of 19 of 38 18 or 36 residences) prior to issuance of a building permit. These were the previous preconstruction requirements associated with the SUP approved in 2013. It is the applicants intent to have the previous remain with a reduction in the pre-sale of Residences from 19 to 18 to reflect the change in the total number of units. 8 Proposed SUP Revisions (Variance Requests) The maximum height allowed in the “DT” district for buildings more than 1000’ from E. S.H. 114 is 52’. The applicant is requesting a variance to allow a maximum height of approximately 59’. Approximately 1/4 of the southern portion of the building is outside of the 1,000 foot distance from SH114. Approximately 3/4 of the northern portion of the building is within the 1,000 foot distance from SH114 which would allow a maximum height of 90 feet.  A Specific Use Permit shall automatically expire if a building permit is not issued and construction begun within six (6) months of granting the Specific Use Permit. The applicant is requesting an expiration date of March 31, 2016, which would require approval of a variance if the SUP is approved prior to October 1, 2015. There ar two variances being requested with this application 9 Site Plan 10 Landscape Plan Approved 11/19/13 Courtyard area to be revised to match Site Plan 11 Elevation Approved 11/19/13 – The Residences 12 Proposed Conceptual View 13 Elevation Revisions 14 Elevation Revisions 15 Elevation Revisions 16 Elevation Revisions 17 Elevation Revisions 18 Elevation Revisions 19 Building Height Comparison The unit count has been reduced to 38 by combing units on the 5th floor. The average size of the units is 1,930 sq. ft (1870) – 950 square feet avg size dollars. Individual garage units on the south side have been eliminated due to the reduction of units and resident parking had bee reduced from 80 to 76. Visitor parking is reduced from 25 to 22 due to unit reduction and the addition of the drop off and delivery space. 20 The Parkview Residences 1,000 Feet from SH 114 R.O.W. This is an aerial showing the location of the proposed residences. 21 ZA15-094 Planning and Zoning Commission: Approved (6-0) subject to the staff report dated August 28, 2015, subject to Site Plan Review Summary No. 1, dated August 28, 2015, specifically granting the variances listed in our staff report relating to the maximum height to allow a maximum height of 59’ and extending the time period expiration date of the Specific Use Permit to March 31, 2016 and also specifically noting that on the presale requirement for The Residences, the percentage remains at 50%, however, to adjust the math accordingly, that becomes 18 out of 36 residences. 22 Questions? 23