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HomeMy WebLinkAbout2023 08 28 Regular 500 - Non-Binding Presentation: Catalyst Development PartnersREGULAR AGENDA ITEM 500 CITY COMMISSION AGENDA | AUGUST 28, 2023 REGULAR MEETING TITLE Non-Binding Presentation: Catalyst Development Partners SUMMARY The applicant intends to present their concept for a Mixed-Use Development located on the north side of East State Road 434, at the intersection of Michael Blake Boulevard, in the Town Center District (T5 Urban Center Zone). The T5 urban center zone comprises the core of the town center and is synonymous with the city's urban central business district. It shall consist of a higher intensity mix of uses that include retail, offices, and residential. T5 areas typically have fairly small blocks with wide sidewalks, regularly-spaced tree plantings. The proposed development is comprised of approximately 162 apartment units and 10,000 SF of retail. The applicant is looking for feedback from the City Commission specifically as it relates to use and aesthetics. FUNDING SOURCE RECOMMENDATION The City Commission may review and provide non-binding and preliminary review comments as a courtesy to the applicant per Sec. 20-28-1. 643 Winter Springs Mixed-Use Project WINTER SPRINGS TOWN CENTER RETAIL OUTPARCELS + MULTIFAMILY DEVELOPMENT FRONTING SR-434 644 CONCEPTUAL SITE PLAN 645 TOWN CENTER 646 TOWN CENTER - RETAIL *Retail portion left unshaded 647 TOWN CENTER – MULTIFAMILY RESIDENTIAL *Multifamily portion left unshaded 648 TOWN CENTER *Mixed-Use Project left unshaded 649 ROUNDABOUT VIEW 650 VIEW ON MICHAEL BLAKE BOULEVARD 651 SAMPLE ELEVATION 652 SAMPLE ELEVATION 653 SAMPLE ELEVATION 654 PEDESTRIAN CONNECTIVITY 655 LEASING CENTER / RESIDENT AMENITY 656 POOL / OUTDOOR AMENITY 657 INTERIOR CONCEPT 658 INTERIOR CONCEPT 659 INTERIOR CONCEPT 660 MIXED USE SYNERGY Town Center 5 (T-5) is the highest intensity zoning to support being the core of the Winter Springs Town Center Overlay District T-5 ZONING A mixed-use project generates higher property taxes than a standalone retail development, supporting public services for the Town Center and its continued growth HIGH TAX BASE Increased population density drives business activity and neighborhood vibrancy, fulfilling the vision for the Center MIXED USE There is clear demand for additional market rate housing in Winter Springs to support critical segments of the work forceHOUSING The project will provide residents with an amenitized lifestyle and walkability to shops, trails, schools, and the community QUALITY OF LIFE Mixed-Use produces less traffic impact than high intensity commercial due to walkability and differences in peak demand timing for residential versus commercial users LESS TRAFFIC 661 DEVELOPER PROFILE 662