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R5B_1 Commission Keynote 3Proposed TC-C LDR Changes Two Significant Modifications 1.Building Height 2.Co-Living Regulations Building Height •Largest FAR in City •Avoid “Condo Canyon” •Draft Requires Most Significant Setbacks and Tower Limits in City •Incentivize Aggregation Building Height 25,000 sq. feet or smaller – up to 125 feet. Between 25,001 and 50,000 square feet – up to 165 feet. Between 50,000 and 74,999 square feet – up to 220 feet. 75,000 square feet and larger – up to 240 feet. 25,000 Square Feet -125 Feet 71 Street 72 Street Byron Abbott Up to 50,000 Square Feet -165 Feet 71 Street 72 Street Byron Abbott 50,000-74,999 Square Feet -220 Feet 71 Street 72 Street Byron Abbott 75,000 or More Square Feet - 240 Feet 71 Street 72 Street ByronAbbott Economic Consultant’s Conclusion: •8-11 Buildings over 200 ft. under Current Draft •3 Buildings over 200 ft. if Sliding Scale Based on Size is Used Public Benefits to Obtain Height •Split Stormwater/Solar •Account for Appeals and Other Delays Outside of Owner’s Control Co-Living Units •Support PB on Amenities •Need to Adjust Density Calculation •Avoid Disincentive by Reflecting Density Impacts •Proposed 375 sq. ft. on High End of Average 0 125 250 375 500 500 400 375 350 320300300 220 125120 Portland Philadelphia Town CenterMiamiNYCNorth Beach HDLos AngelesAustin, Boston, Seattle, VancouverChicagoDC Co-Living Units Density 1 Acre Site = 150 units and 152,000 sq. ft. Units: 121 1,000 sq. ft. Units = Uses All Available FAR 150 Co-Living Units = 40,000 FAR Wasted Proposed TC-C LDR Changes