HomeMy WebLinkAboutRS02-Economic Development Agency
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DE V B LOP M E't T DE PAR T M B. T
01' TBI!: CIn 01' SAR BBRRARDIRO
RBOOBST !'OR ('.......SSIO./COIIIICIL ACTIO.
From:
KENNETH J. HENDERSON
Executive Director
Subject:
RAJlCON FI.AlJCIAL
CORPORATION - BZCLUSIVE
DGOTIArING AGRBBMEIIIr
(DOWJr.rOtlR SITE)
Date:
October 18, 1991
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Svnousis of Previous ,.~.; ..ioaJCoUD(!il,(,,~4 t:.te. Action' II) t
On September 3,1991 the Community Development Commission approved an
Exclusive Right to Negotiate Agreement with Rancon Financial Corporation.
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Recommeft~-d MOtionlslt
("~"it:.v D8vAl--" r~i.llioD)
MOTIO. A:
That the Community Development Commission approve the Phase I
concept of Rancon Financial Corporation regarding development of
the block bounded by Fourth, Fifth, "E" and "D" streets including
new interior streets, an office tower, restaurants, a courtyard
and a parking structure.
MOTIO. B: That the Community Development Commission refer the matter of
creating a Specific Plan for downtown development to the
Redevelopment Committee for review and recommendation.
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Administrator
AlIIIIIIA:a;a J. IIBBD ON
Executive Direc r
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Contact Person(s): Ken Henderson/John Hoeaer
Phone:
5081
Project Area(s): Central City North ICCN)
Ward(s):
One
Supporting Data Attached:
Staff RenortJ Pro;ect Summary: Mans
FUNDING REQUIREMENTS:
Amount:
s
N/A
Source:
Budget Authority:
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Commis.lomJCQnw~il .Q~..l
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KJH:JBH: lag: 1965J
COMMISSION MEETING AGENDA
MeetiDg' Date: 10/21/91
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Agenda It_ .Ullber:
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DBVBLOPIIB.r DBPARrIlB.r
OF TIIB CITY OF SAIl _nnIltO
STAn' REPORT
RtIft""on Ffftan~i.l Corooration
h"luaive .eaotiatiDll Aar,.--t (Downtown Site)
On September 3, 1991 the Community Development Commission approved an
Exclusive Negotiating Agreement with Rancon Financial Corporation
concerning the city block bOlD1ded by Fourth, Fifth, "D", and "E"
Streets. The agreement tasked Rancon with providing four work products
on or before January 1, 1992:
1) a preliminary concept design for the Project;
2) a market feasibility study demonstrating the need for the Project to
be constructed in the Downtown area;
3) an evaluation of the parking needs in the Downtown area and the
impacts to be caused by the Project; and
4) a determination by the Developer of the parcel or parcels of the
Property upon which the Project shall be developed.
On October 18, 1991, Commission Members received a presentation of the
first of these work products, the preliminary design concept. The
presentation was wide ranging and included the interaction of the Rancon
block with other areas in the downtown business district. The need for a
Specific Plan to guide downtown development was also discussed.
The attached project summary describes the details of Phase I, some
description of future phases, and related downtown improvements.
Agreement regarding the design concept for Phase I will be needed before
Rancon can pursue the market feasibility study and before beginning a
concurrent effort to obtain commitment letters from prospective tenants
which are required by February 29, 1992. Adoption of the first form
motion will express the Commission's conceptual approval of Phase I
including:
a) approval of the concept of SUbdividing the block into four (4)
quadrants by construction of two (2) new streets;
b) approval of an office tower of up to 180,000 square feet on the
northeast comer of "E" and 4th Streets including a cafe and terrace;
c) approval of a five hlD1dred and seventy (570) car garage plus
associated retail uses located north of the office tower; and
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KJH:JBH:lag:1965J
COIMISSIO. IIBBTIlIG AGDDA
lIeeting Date: 10/21/91
Agenda It_ lI1aber: )!S,2-
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DEVELOPMEnT DEPARTfIIF.9sTAFF REPORT
Rancon Financial Corporation
October 18, 1991
Page Number -2-
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d) approval of a restaurant and a plaza east of the office tower.
The second form motion will add an agenda item to the Redevelopment
Committee meeting of October 24, 1991, to discuss the possible
preparation of a Specific Plan for the development of downtown.
Staff recommends adoption of the form motion.
J. 0., beeutive Director
Develo~ent De rtllent
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KJH:JBH:lag:1965J
COIIIISSIO. IIIBTIIIG AGDDA
lleeting Date: 10/21/91
Aaenda Itea ltaber: Ifs-;J..
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October 18, 1991
Mr. Timothy C. Steinhaus
Administrator
Economic Development Agency
CITY OF SAN BERNARDINO
300 N. "D" Street
San Bernardino, California 92418
Dear Mr. Steinhaus:
This letter will serve as our request for the approval of the first phase of our agreement
with the Economic Development Agency for the conceptual design of the superblock
bounded by 4th, 5th, D and E Streets.
The central elements of this conceptual approval will be installation of the bisecting
streets and streetscapes, as well as the proposed Phase I land uses which include an
office tower, restaurant and retail space, a plaza and associated parking garage.
Once we have this approval, we will confidently move to the next phases of our
responsibilities, as required in our agreement with special emphasis on marketing for
Phase I and the required feasibility studies.
We look forward to your enthusiastic approval and ongoing cooperation.
Roderick Q. MacDonald
Vice President
For Partnership Asset Management Co~pany
RQM/pt
650 East Hospi1lllity Lane. Suite ISO
San Bernardino. California 92408
(714) 381-5301
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PROJECT SUMMARY
PHASE I
o Overall subdivision of the superblock into four quadrants, with construction of two
new pedestrian-oriented streets which allow vehicular access to penetrate the site
as well as on-street parking. Construction includes pedestrian amenities and special
design treatments.
o Office building of up to 180,000 square feet on the quadrant at the comer of E and
4th Street (Block A).
o New 570-car garage to serve the office building on Block B; parking ratio is 3.5 per
1000 square feet of office space.
o Approximately 35,000 square feet of retail, restaurants, and/or health club facilities
on the ground level of the office building and parking garage, and in retail pavilion
structures.
o Active, people-oriented plaza associated with the Phase I office tower and retail,
with outdoor cafes, water features, trees, and amenities.
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Community uses such as day care center and community meeting center to be
considered.
o Interim reconstruction of surface parking lots on future development sites, to include
new landscaping and paving where necessary.
o Completion of streetscape improvements on existing perimeter streets (0, E, 4th and
5th Streets).
o Demolition of existing buildings (Pussycat Theater and adjacent structure, auto parts
store) that interfere with above new building and new street construction. The
Platt Building could remain pending future analysis of interim re-use potential.
o Construction of 4th Street Transit Mall improvements, expanded to include center
median on the street and new crosswalk connecting to the existing Court-4th
Pedestrian Walkway.
o New traffic signals and pedestrian crosswalks at intersections of all new streets.
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FUTURE PHASES
o Construction of a major building on each of the ,hree remaining sub-blocks.
Specific type of use to be determined based on market demand, but could include
a hotel, one or more office buildings, and/or residential structures.
o Additional on-street retail, restaurants, and entertainment, including possible quality
movie theater complex.
o Additional plazas and public spaces, both private spaces (if residential and hotel)
and public spaces, with pedestrian amenities and special design features.
o Demolition and/or renovation of existing buildings.
o New parking garages with ground level uses, sized according to requirement of
development. Shared parking will be utilized with any hotel or residential
development.
o Community uses such as day care or community meeting center to be considered if
not provided in Phase I.
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SUMMARY OF SQUARE FOOTAGE ASSUMPTIONS
TOTAL SUPERBLOCK LAND GROSS SQUARE FOOTAGE *
Block A
Phase I Tower Be Plaza
Block B
Phase I Garage
Hotel/Residential/Office Tower
Block C
Phase II Garage
Hotel/Residential/Office Tower
Block D
Existing Bank Building
Office Tower
TOTAL
* Includes sidewalks but not internal streets
PHASE I ASSUMPTIONS
Gross Land Square Footage
Phase I Development
Office (10 Floors)
Garage (570 cars)
Retail/Restaurant
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62,505 sq. ft.
109,245 sq. ft.
122,320 sq. ft.
69,840 sq. ft.
363,910 sq. ft.
107,437 sq. ft.
180,000 sq. ft.
210,000 sq. ft.
35,500 sq. ft.
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RELATED DOWNTOWN IMPROVEMENTS
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Development of a new central square at the comer of Court and E Streets, with
potential performing arts center and new stair connection to existing elevated city
haIl plaza.
o Completion of streetscape efforts, expanded to include reduction of street width of
Court and 4th Streets.
o Retrofiting of entrance to Center City MaIl and adjacent retail space, including
possible farmer's market in covered parking area.
o Extension of the new street to the north, connecting to proposed residential
development of the block (5th/6th/DIE).
o Enhancement of public library block with public garden and related improvements.
o Continued efforts of the Main Street project in area of facade renovation,
streetscape, retail recruitment, etc.
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CONTEXT MAP
EXISTIIlG WIPHASB 1
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AERIAL PHOTOGRAPH
SHOWING; PHASE I
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