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This memorandum provides an update on the planning process for the Saratoga Urban Village, which consolidates the Paseo De Saratoga and Saratoga Avenue Urban Villages. Staff recommends initiating the planning process for this area due to its potential for development and lower risk of displacement for residents and small businesses. The memorandum outlines the background of urban villages as part of San José’s Envision 2040 General Plan, detailing the analysis conducted to determine the most viable urban village for development. It includes data on existing conditions, major development projects, opportunity sites, and displacement risk analysis, emphasizing the importance of creating pedestrian-oriented, mixed-use communities.
Key points
The memorandum is addressed to the Community and Economic Development Committee regarding the Saratoga Urban Village.
Staff recommends initiating an urban village planning process for the Saratoga Urban Village due to its development potential.
Urban villages aim to create complete neighborhoods with efficient land use and support pedestrian-oriented communities.
The analysis indicates that the Saratoga Urban Village has the highest number of developable sites and lower displacement risk compared to other urban villages.
The planning process for urban villages typically takes one to two years and includes public engagement and development of plan documents.
Major development projects in the area include approved housing developments that support the viability of the urban village.
Displacement risk analysis considers demographic data and economic factors affecting residents in the urban villages.
Limitations
The document contains placeholders and unfilled sections, such as the date field.
Some sections of the text are truncated, which may limit the completeness of the information provided.
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Extracted text preview · 29,208 chars
CED AGENDA: 8/28/23 ITEM: CC 23-177 FILE: (d)4 TO: COMMUNITY AND ECONOMIC DEVELOPMENT COMMITTEE SUBJECT: UPDATE ON MARKET READY URBAN VILLAGE Approved FROM: Christopher Burton DATE: Date August 15, 2023 8/21/23 RECOMMENDATION Accept staff analysis on real estate market-ready urban villages and discuss staff’s recommendation to initiate an urban village planning process for the Saratoga Urban Village (Paseo De Saratoga and Saratoga Avenue Urban Villages consolidated). SUMMARY AND OUTCOME Staff was directed in November 2021 by City Council to choose one of four urban villages, South De Anza, Saratoga Avenue, Paseo de Saratoga, and South Bascom Avenue (south), as the next village to initiate an urban village plan. The analysis in this memorandum recommends Saratoga Avenue (Paseo De Saratoga and Saratoga Avenue combined) because it has the highest number of developable sites and a lower risk of residential and small businesses displacement compared to the other considered urban villages. BACKGROUND As one of the 12 major strategies outlined in San José’s Envision 2040 General Plan, urban villages are intended to encourage future development with an emphasis on placemaking and...
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Generated summaryAI-assisted
The presentation discusses the West San Jose Urban Villages Market Study, focusing on potential development areas identified in previous studies from 2019, 2021, and 2022. It outlines the boundaries and land areas of various urban villages, including South De Anza, Saratoga Ave, Paseo De Saratoga, and South Bascom Ave. The analysis includes opportunity sites, displacement risk, market data, and development interest, with staff recommendations ranking the urban villages based on various factors. The next steps involve developing an RFP and consultant scope, onboarding a lead consultant, and starting the planning process in early 2024.
Key points
The study identifies urban villages with potential for market rate development.
Opportunity sites are defined based on size and built date, excluding certain categories like existing residential and affordable housing.
South De Anza has the highest overall incomes and is least rent burdened.
Saratoga (Combined) has the highest number of opportunity sites likely to be developed.
Market data indicates South De Anza commands the highest commercial and multifamily rents.
The final ranking of urban villages based on development interest is: 1) South De Anza, 2) Combined Saratoga, 3) South Bascom Ave (South).
Next steps include developing an RFP and starting the planning process in early 2024.
Limitations
The text does not provide specific dates for the next steps beyond 'early 2024'.
Some sections contain unresolved placeholders that may affect the completeness of the summary.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 10,267 chars
West San Jose Urban Villages Market Study Community and Economic Development Committee August 28, 2023 – Item (d)4 Presenters: Jose Ruano, Supervising Planner, Planning Division, Department of Planning, Building, and Code Enforcement (PBCE) Eugene Lau, Planner II, Planning Division, PBCE Context – Timeline 2019 “2019 Cost of Development Study” identified South De Anza, Paseo De Saratoga, Saratoga Ave, South Bascom Ave (South) as urban villages with near-term potential for market rate development – 11/5/2019 2021 As part of the Four-Year Review of the General Plan Hearing process the City Council directed staff to return to Council through the budget process with a proposed resource allocation dedicated to the creation of priority urban village plans that have the potential to unlock near-term housing opportunities based on market demand – 11/30/2021 2022 “2022 Cost of Development Study” reaffirmed West San Jose as a region with highest potential for near term development – 11/1/2022 2023 Presenting analysis and staff recommendation at Community Economic Development Committee following selection process – 8/28/2023 Context - Boundary and Land Area South De Anza Blvd UV • 67.23...