Agenda

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Planning & Zoning Commission

Meeting Date:

04/16/2024

Agenda Caption:

Hold a public hearing, present, discuss, and consider action on a request to amend Planned Development (PD) Ordinance No. O23-8, for a 13.7± acre property generally located at the southeast corner of Addison Road and Festival Way and the northeast corner of Quorum Drive and Arapaho Road, to allow a transit-oriented mixed used development comprised of multifamily residential, office, parking, restaurant, retail, and entertainment uses, and associated public and private open space and common areas. Case 1910-Z/Addison Circle Station – Phase I Amendment.

Recommendation:

Administration recommends approval, subject to the following conditions:

The development is executed in accordance with the attached Concept Plan, Master Streetscape Plan, Permitted Uses & Development Standards, and the definitive agreements to be negotiated for the project.
Lot 3, Block A will be fully entitled and constructed in accordance with the definitive agreements between the Town and Co-Developers.
Lot 5X, Block A (Addison Road site access and surface parking lot) will be fully entitled prior to site infrastructure construction commencement and will be completed prior to issuance of a Certificate of Occupancy for Lots 1 and 2, Block A (QIP Office).
Lot 1X, Block C (public open space) will be fully entitled prior to site infrastructure construction commencement and will be completed prior to issuance of a Certificate of Occupancy for Lot 1, Block B (AMLI Mid-Rise).
Final public and private landscape and streetscape design shall be completed prior to the issuance of a permit for the construction of site infrastructure.
Right-of-Way on Addison Road will be preserved to accommodate a northbound right-turn lane. If final traffic analysis determines a need for this right-turn lane improvement, it should be constructed concurrent to the first phase of this project.
The final quantity of parking spaces, operation of the public parking structure, and retail parking accommodations in private parking structures, are subject to execution of definitive agreements between the Town and Co-Developers.
Building permit approval is subject to compliance with FAA Part 77 review for building height and final confirmation of residential building sites being situated outside the 65 DNL noise contour.
Required sustainability features such as LEED compliance, electric vehicle charging stations, and public art will be required components of the Project, which will be further defined in the Definitive Agreements (as defined in the PD Ordinance).

Attachments
1910-Z Staff Report
1910-Z Revised Permitted Uses and Development Standards
1910-Z Concept Plan
1910-Z Master Streetscape Plan
1910-Z Conceptual Landscape Plan
1910-Z Tree Mitigation Plan
1910-Z Renderings
1910-Z Public Input