the neighborhoods of tustin town center: a new ... - City of Tustin

TABLE C-1
PROJECT DESCRIPTION
FINANCIAL FEASIBILITY ANALYSIS
FIELD PAOLI / CITY OF TUSTIN
Site 12
Alternative B
Pro Forma Analysis
West Village Study Area
SITE 12
ALTERNATIVE B
WEST VILLAGE STUDY AREA
I. Site Area 4.06 Acres
176,694 SF
II. Construction Type
Type V (above Type I parking)
III. Number of Stories
1 to 3 Stories (above-grade)
IV. Density
9.9 Units/Acre
V. Gross Building Area
A. Retail
Freestanding Retail 22,000 SF 55%
Retail (in residential building) 18,000 SF 45%
Circulation/Common Area 0 SF 0%
Subtotal Retail 40,000 SF 100%
B. Residential
One-Bedroom Units 13,000 SF 30%
Two-Bedroom Units 24,000 SF 55%
Circulation/Common Area 6,500 SF 15%
Subtotal Residential 43,500 SF 100%
C. Total Gross Building Area (GBA) 83,500 SF
VI. Unit Mix
# of Units Unit Mix Unit SF
One-Bedroom Units 16 Units 40% 800 SF
Two-Bedroom Units 24 Units 60% 1,000 SF
Total Number of Units 40 Units 100% 925 SF
VII. Affordability Mix
Market-Rate 34 Units 85%
Very Low (50% AMI) 2 Units 5%
Moderate (110% AMI) 4 Units 10%
Total Units 40 Units 100%
VIII. Parking
# Spaces Parking Ratio
Residential At-grade encapsulated / one-level below grade 90 Spaces @ 2.25 /Unit (1)
Retail Surface lot 160 Spaces @ 4.00 /1,000 SF
Total Parking
250 Spaces
(1) Includes residential guest parking.
A-42 THE NEIGHBORHOODS OF TUSTIN TOWN CENTER
MARKET ANALYSIS AND NEIGHBORHOOD CONCEPT PLANS
STRATEGIC GUIDE 09.21.2010