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Investment Highlights
- Excellent School District
- Strong Local Employment Opportunities
- Housing Incentive Overlay Zoning will allow residential development
- Prime Central Location
- Critical Shortage for Housing
Executive Summary
Site Plan Analysis
WHA developed two concepts that meet the 20 unit per acre density requirement per the Housing Incentive Overlay Zone. The townhome product on both plans is the same. A slope is anticipated and utilized as a break between the two product types (shown as cross hatched on the plans), the exact dimensions will need to be studied when grading plans are done.
ALT 1 - 68 Units: The lower density product on ALT 1 is alley loaded SFD, which offers great open space opportunity, especially given that the City has high open space requirement. Floor plans for ALT 1 are designed to accommodate a ±100 SF porch/deck combination.
ALT 2 - 68 Units: The lower density product on ALT 2 offers private rear yards, that are a significant “value-add” for small lot product. ALT 2 will require State Density Bonus Law to request concession for open space requirements.
WHA developed two concepts that meet the 20 unit per acre density requirement per the Housing Incentive Overlay Zone. The townhome product on both plans is the same. A slope is anticipated and utilized as a break between the two product types (shown as cross hatched on the plans), the exact dimensions will need to be studied when grading plans are done.
ALT 1 - 68 Units: The lower density product on ALT 1 is alley loaded SFD, which offers great open space opportunity, especially given that the City has high open space requirement. Floor plans for ALT 1 are designed to accommodate a ±100 SF porch/deck combination.
ALT 2 - 68 Units: The lower density product on ALT 2 offers private rear yards, that are a significant “value-add” for small lot product. ALT 2 will require State Density Bonus Law to request concession for open space requirements.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Single Family Development |
| Property Type | Land | Total Lot Size | 3.92 AC |
| Zoning | OP - OP Office/Professional with HIOZ | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 3.92 AC |
| Zoning | OP - OP Office/Professional with HIOZ |
1 Lot Available
Lot
| Lot Size | 3.92 AC |
| Lot Size | 3.92 AC |
Re-Entitlement Opportunity, current use is a 66,000 sq. ft. 3 story medical office building.
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Presented by
Bastanchury Rd - +/- 3.9 Acres
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