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I II. DESCRIPTION OF EXISTING ENVIRONS <br /> The Site on which the Project will be constructed is on the western edge of the downtown district <br /> of San Leandro, on the northeast corner of San Leandro Boulevard and Davis Street, in the City of <br /> San Leandro Plaza Redevelopment Project Area. The neighborhood of the Site consists primarily <br /> of a mix of residential and commercial uses. <br /> The Site is a large vacant and underutilized parcel bounded on the north side by the San Leandro <br /> Creek. Efforts over a number of years to achieve a high quality commercial development of the <br /> Site have failed. The existence of this large vacant parcel has contributed to blight in the Project <br /> Area. <br /> The Site enjoys good visibility from both San Leandro Boulevard and Davis Street. Access to the <br /> Site is good, as both San Leandro Boulevard and Davis Street are major thoroughfares in San <br /> Leandro. In addition, the San Leandro BART station is located on the southwest comer of the <br /> same intersection as the Site. <br /> The Redevelopment Agency has determined that the Site is ideal for a multi -story, Class A office <br /> complex. The Project will assist in the removal of blight by creating an attractive office <br /> development and by providing visual improvement to this area of the City. The Project will create <br /> a creekside open space unique in the East Bay. The Project will increase employment, both <br /> during the construction phase and thereafter. The Project also will increase the real propenytax <br /> base for the City. It is hoped that the Project will stimulate funher investment in the Downtown <br /> Area. <br /> 2%E <br /> Keyser Marston Associates, Inc. <br /> 19096.026\002- 001.doc Page <br /> • <br />