Reso 2020-149 Bay Fair TOD - Laserfiche WebLink

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CHAPTER 2 VISION + PLANNING FRAMEWORK Enable a Range of Future Scenarios The intent of this Specific Plan is to provide clear standards for foundational land use and design elements, while providing flexibility for a range of potential future scenarios that could play out over time. The Plan takes a flexible approach to land use regulation, allowing a broad range of uses throughout the area, while focusing on excellent public space and pedestrian -oriented building design for all uses. The illustrative scenarios below show a range of potential futures for the area that could be possible within the parameters established by this Specific Plan, over the 20-year time horizon of the Plan. These scenarios range from a future re -design and reconfigration of the Bayfair Center and opportunistic housing development around the fringes (Figure 2.7) to a transformative redevelopment of almost Figure 2.6: Existing Conditions C 's � i EAk17lC BAYF MW ST the entire area with a flexible mix of housing, office, retail, and new open spaces (Figures 2.8 and 2.9). In large part, the final land use mix in the area will be dictated by market forces, landowner decisions, the ability to provide infrastructure, and the feasibility of different project types as the Bay Fair area continues to evolve. Retail is expected to continue to have a significant presence in the area in all scenarios, with an amount of retail space similar to the current amount (about 1.2 million square feet as of 2017) ora slight reduction due to changing retail formats and building uses. There is anticipated to be an increase in housing in the area, but the exact amount is unknown and could vary significantly depending on market conditions. Similarly, there may be an increase in office space in the area, although the immediate economic feasibility of office may be more challenging than housing. 39