South Central Waterfront Regulating Plan Update Presentation — original pdf

Backup

South Central Waterfront Regulating Plan South Central Waterfront Advisory Board May 16, 2022 Greg Dutton – Housing and Planning Content Regulating Plan Components Community Benefits Developer Incentives Next Steps Regulating Plan: Community Benefits  Affordable housing  Open space  Environment  Streets  Streetscapes  Parking (also developer incentive)  Land uses (also developer incentive)  Building design 3 Regulating Plan: Developer Incentives  Height  Floor area ratio (FAR)  Density  Parking (also community  Land uses (also community benefit) benefit) 4 Subject Area and Subdistricts 5 2016 Framework Plan: 20% of all units at • 60-80% MFI for rental • 100-120% for ownership Community Benefit: Affordable Housing  Options to meet affordable housing  Provisions for all participating community benefits developments that support Fair Housing  Varying set-aside rates  Varying affordability levels  Alternatives to onsite compliance for affordable ownership housing  Fee in-lieu for non-residential bonus space may be directed towards affordable housing  Affirmative marketing  Source of income protections  Right to subsidize additional units  Provisions for onsite affordable housing that promote inclusion  Proportional bedroom mix  Comparable design standards  Dispersion and access 6  2016 Framework Plan: 13% of district Community Benefit: Open Space  Subdistricts with tiered requirements above current code (9.4 acres/1000 residents)  Dedication or fee in lieu (FIL) at Parks and Recreation Department (PARD) discretion  Likely combination of dedication and FIL 7  2016 Framework Plan: Various enhancements Community Benefit: Environmental  Removal of impervious cover around tree critical root zone  Redevelopment exception may not be used  Green stormwater control measures  Reclaimed water for irrigation  Purple pipe construction  Connect to reclaimed water main (if feasible) 8  2016 Framework Plan: Enhanced network Community Benefit: Streets  Updated Austin Strategic Mobility Plan (ASMP, bottom figure)  Internal circulation standards for large sites:  Site 3 acres or more  400’ block lengths  Sidewalks, street trees required 9 Community Benefit: Streetscapes  Transportation Criteria Manual (TCM) updated cross sections (bottom figure)  Great Streets standards  Regulating Plan will specify:  Bike lanes for Level 1 streets  Cross section for Blue Line bridge  2016 Framework Plan: Improved streetscapes 1 0  2016 Framework Plan: More structured parking, TDM, less need Community Benefit: Parking  No minimum parking required  Parking maximum (80%) of current requirements  No surface parking allowed  Street parking per TCM and internal circulation standards  Transportation demand management (TDM) to mitigate traffic impact  Parking must be leased/sold separately from units 1 1  2016 Framework Plan: More pedestrian friendly uses Community Benefit: Land Uses  Central Business District (CBD) zoning land uses  Removes auto-oriented uses  Grants some additional uses for most properties, removes some uses also  Better suited to a pedestrian-friendly environment 1 2  2016 Framework Plan: Tower massing and pedestrian frontages Community Benefit: Building Design  Tower massing requirements  Floorplate restrictions of 15-25k square feet above 60 feet  Tower separation of 80 feet  Pedestrian frontages required:  60% of frontage Type 1 streets  75% of frontage along Type 2 and 3 streets 1 3 Regulating Plan: Developer Incentives  Height  Floor area ratio (FAR)  Density  Parking (also community  Land uses (also community benefit) benefit) 1 4  2016 Framework Plan: Developer Incentive: Height  Height subdistricts (bottom image)  Steps back from waterfront  All properties eligible 1 5  2016 Framework Plan: 1 6  2016 Framework Plan: Enhanced, but not specified Developer Incentive: Floor Area Ratio (FAR)  Unlimited (restricted by height, other site standards)  Typically a very strong incentive  Other examples:  Vertical mixed use (VMU)  Downtown Density Bonus Program (DDBP)  University Neighborhood Overlay (UNO)  Goes hand in hand with building design (public goods side) 1 7  2016 Framework Plan: Enhanced, but not specified Developer Incentive: Density  Unlimited (restricted by height, other site standards)  Typically a very strong incentive  Other examples:  Vertical mixed use (VMU)  Downtown Density Bonus Program (DDBP)  University Neighborhood Overlay (UNO)  Goes hand in hand with building design (public goods side) 1 8  2016 Framework Plan: More structured parking, TDM, less need Developer Incentive: Parking  No minimum parking required  Allows market to set rate (up to maximum)  Allows developer to determine cost/tradeoff between parking and other types of development 1 9  2016 Framework Plan: More pedestrian friendly uses Developer Incentive: Land Uses  Central Business District (CBD) zoning land uses  Grants some additional uses for most properties, removes some uses also 2 0 Next Steps  Regulating plan:  Summary of plan: SCWAB 5/16/22  Regulating plan draft: SCWAB 6/21/22  SCWAB working groups?  SCWAB recommendation 7/18/22  COJC recommendation 8/17/22  PC recommendation 8/23/22  Council to consider adoption: 9/1/22 20% Affordable Housing Gap Finance 2 1