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HomeMy WebLinkAboutStaff Report 6359 City of Palo Alto (ID # 6359) City Council Staff Report Report Type: Informational Report Meeting Date: 3/21/2016 City of Palo Alto Page 1 Summary Title: Annual Review "Mayfield" Development Agreement Title: 2014 - 2015 Annual Review of Compliance with the "Mayfield" Development Agreement with Stanford University From: City Manager Lead Department: Planning and Community Environment RECOMENDATION This is an informational report and no Council action is required. EXECUTIVE SUMMARY The “Mayfield” Development Agreement with Stanford University adopted in 2005 requires City Council review of Stanford’s compliance with the agreement on an annual basis. This report covers activities during the fiscal year 2014-2015. BACKGROUND In May of 2005, the City Council entered into an agreement with Stanford University which grants rights to Stanford for certain specified development subject to the limitations and conditions in the agreement. The general terms under the agreement are as follows:  Stanford will lease the Mayfield Site at the corner of Page Mill Road and El Camino Real to the City for fifty-one years for use by the City as a public soccer complex.  The City, in turn, grants to Stanford the right to demolish and relocate 300,000 square feet of existing office development located at 2450, 2470 and 2500 El Camino Real and at 1451, 1501, and 1601 California Avenue, and build 250 dwelling units on the redeveloped sites.  Stanford will have the right to use the 300,000 square feet and other existing or rebuilt square footage in the Research Park for office/research and development uses until the agreement expires. City of Palo Alto Page 2  Stanford will also be permitted to exceed the floor area ratio currently allowed on certain sites by no more than twenty five percent but cannot increase the total square footage available for non-residential development for the entire Research Park.  The City will accept the lease of the Mayfield site as mitigation for any community service impacts on the City resulting from all future development at Stanford that was authorized by the General Use Permit approved by the County of Santa Clara in December of 2000.  The City agrees not to reduce the floor area ratio in the Stanford Research Park prior to 2011. In 2006, 100,000 square feet of replacement square footage and 330,000 square feet of associated square footage were approved for the VMware project at 3401 Hillview Avenue, leaving 200,000 square feet of replacement square footage available for development under the terms of the agreement. As part of the agreement, Stanford is required to submit an annual report to the City on the status of the housing development allowed under the agreement and any building activity in the Research Park. The Director of Planning and Community Environment conducts the City’s annual review to verify Stanford’s compliance with the Agreement based on information submitted. DISCUSSION The July 10, 2015 memo from Stanford Real Estate Office (Attachment A) describes Stanford’s 2014-15 activities related to implementation of the Development Agreement. Pursuant to sections 5.4 and 5.5 of the Development Agreement:  Stanford applied for and received Architectural Review approval for the 70 units of below market rate housing located at 2450-2500 El Camino Real on April 14, 2014 and demolished the commercial buildings existing on the property in February of 2015.  Stanford applied for and received Architectural Review Approval and a tentative map for 180 units of faculty housing located at 1451-1601 California Avenue on June 23, 2014, with Council requiring minor adjustments to the original development proposal. The final map was recorded on January 29, 2015. The commercial buildings existing on the property were demolished between November 2014 and April 2015.  Construction for both housing development projects is now ongoing, although Stanford has recently proposed an amendment to the final map for 1451-1601 California Avenue due to soil contamination on the site. This proposal will be presented to the City Council for review and approval in the coming months. City of Palo Alto Page 3  A “Designated Project” at 3431 Hillview, a recipient of 90,000 square feet of Phase 2 Replacement Square Footage (11PLN-00458), was not constructed and the 90,000 square feet of Phase 2 Replacement Square Footage was not utilized at that time. A new project at 3431 (3421) Hillview was proposed and received approval on December 17, 2014 (14PLN-00300) to allow the demolition and replacement of an existing 85,733 square foot building and a construction of a new stand-alone 90,000 square foot building. This new project will utilize the previously approved 90,000 square feet of Phase 2 Replacement Square Footage.  Stanford designated 1450 Page Mill as a “Designated Site” (see Attachment C) and designated 14,861 square feet of Phase 2 Replacement Square Footage as part of their proposal to build a 74,400 square foot building to replace an existing 59,539 square foot building. The 1450 Page Mill “Designated Project” (15PLN-00011) proposes 14,861 square feet of Phase 2 Replacement Square Footage, 59,539 square feet of Associated Square footage, and 3,234 square feet of amenity space which does not represent gross floor area or Replacement Square Footage. This project was still under review as of July 10, 2015 and the eventual outcome of the approval process will be described in the 2015-2016 “Mayfield” Development Agreement Annual Monitoring Report.  Stanford designated 3170 Porter as a “Designated Site” on March 27, 2015 (see Attachment D) and designated 29,046 square feet of Phase 2 Replacement Square Footage as part of their proposal to build a 96,626 square foot building to replace an existing 67,580 square foot building. The 3170 Porter “Designated Project” (15PLN- 00109) proposes 29,046 square feet of Phase 2 Replacement Square Footage, 67,580 square feet of Associated Square Footage, and 1,980 square feet of amenity space which does not represent gross floor area or Replacement Square Footage. This project was still under review as of July 10, 2015 and the eventual outcome of the approval process will be described in the 2015-2016 “Mayfield” Development Agreement Annual Monitoring Report.  As of this monitoring period, Stanford has 66,093 square feet remaining from the 330,000 square feet of Phase 2 Replacement Square Footage allowed under this Development Agreement. This is contingent upon the approval of both 1450 Page Mill and 3170 Porter projects.  As of this monitoring period, Stanford has 742,881 square feet remaining from the 1.2 million square feet of Associated Square Footage allowed under this Development Agreement. This is contingent upon the approval of both 1450 Page Mill and 3170 Porter projects.  Demolition of the approximately 330,120 square feet of Existing Square Footage at 1451-1601 California Avenue and 2450-2500 El Camino Real were permitted and completed between November 2014 and April 2015. City of Palo Alto Page 4 Other notable activities for this monitoring period include:  A lease line adjustment was made to separate 3160 Porter and 3170 Porter. Please see Attachment A for before and after plat maps  A lease line adjustment was made to 3251 Hanover to accommodate the “Steep Slope Property, LLC” ground lease of approximately 10 acres of the estimated 26 acre total site of 3251 Hanover. Lockheed Martin Corporation retained its 16 acres ground lease of 3251 Hanover site.  A project located at 1050 Page Mill Road (14PLN-00074) proposes to demolish and replace approximately 265,895 square feet of commercial space and was under review as of July 10, 2015. The project also proposes to add 10,745 square feet of employee amenity space which does not represent gross floor area. This project is not a “Designated Project” under the “Mayfield” Development Agreement and does not utilize any replacement or associated square footage.  A project located at 2600 El Camino Real (15PLN-00275) proposes to demolish and replace approximately 62,616 square feet of commercial space and was under preliminary review as of July 10, 2015. No additional gross square footage is proposed to be added. The project will undergo a formal review process once the preliminary review is completed. This project is not a “Designated Project” under the “Mayfield” Development Agreement and does not utilize any replacement or associated square footage. After evaluating the information in Stanford’s annual report, the Director of Planning and Community Environment has determined that Stanford University has complied with the terms and conditions of the development agreement for fiscal year 2014-2015. RESOURCE IMPACT There are no resource impacts stemming from the review of the development agreement compliance program that affects the general fund. POLICY IMPLICATIONS This report does not represent any changes to existing City policies. ENVIRONMENTAL REVIEW This is an informational report and is not a project under the California Environmental Quality Act. No environmental assessment is required. Attachments:  Attachment A: July 10, 2015 Memo from Stanford Real Estate Office (PDF)  Attachment B: Status of Development under Mayfield Development Agreement Table (PDF) City of Palo Alto Page 5  Attachment C: Notification of 1450 Page Mill Designated Site and Designated Project (PDF)  Attachment D: Notification of 3170 Porter Dr Designated Site and Designated Project (PDF) ATTACHMENT A Attachment B Status of Development under Mayfield Development Agreement rev. 07.15 Commercial Development Rights Replacement Square Footage Vested Approved Remaining Phase 1 Replacement Square Footage 100,000 100,000 0 Phase 2 Replacement Square Footage 200,000 90,000 110,000 Total 300,000 190,000 110,000 Associated Square Footage Vested Approved Remaining 1,200,000 330,000 870,000 Designated Projects Designated Site Designated Project Associated Square Feet Designated Replacement Square Feet Designated Total Project Square Feet Status Project 1 3401 Hillview Avenue 330,000 100,000 430,000 Approved Project 2 3431 (3421) Hillview Avenue 0 90,000 345,270 Approved1 Project 3 1450 Page Mill Road 59,539 14,861 74,400 Under Review2 Project 4 3170 Porter Drive 67,580 29,046 96,626 Under Review3 Total 457,119 233,907 Allowed under Development Agreement 1,200,000 300,000 Remaining under Development Agreement4 742,881 66,093 Non Designated Projects in Stanford Research Park Project Application #Address Demolish Proposed Net +/‐ FAR Status 06PLN‐00000‐00157 3412 Hillview Avenue 68,278 73,978 5,700 Completed 11PLN‐00056 / 11000‐01715 3000 Hanover Avenue 0 37,762 37,762 Completed 11PLN‐00096 / 11000‐03019 3130 Hansen Way 18,629 30,200 11,571a Completed 11PLN‐00336 / 11000‐03145 3251 Hanover Avenue 55,375 82,120 26,745 Completed 14PLN‐00300 / 15000‐00258 3431 (3421) Hillview Avenue 255,272 345,270 90,000 Under Review 12PLN‐00474 / 13000‐01221 911 Hansen Way 1,941 5,672 3,731 Completed 12PLN‐00283 /12000‐03029 1701 Page Mill Road 67,000 116,000 49,000b Completed 14PLN‐00074 / 14000‐01065 to 01069 1050 Page Mill Road 265,895 276,640 10,745c Under Review 15PLN‐00275 / 14000 2600 El Camino Real 62,616 62,616 0 Under Review Total 224,509 Housing Development Rights Housing Development Guarantee Application before 12/31/2013 Application before 12/31/2020 Total Guaranteed Dwelling Units 185 65 250 Dwelling Units w/ Applications to date 185 65 250 Dwelling Units  Constructed to date 0 0 0 Remaining Guaranteed Dwelling Units 0 0 0 Housing Sites Site Acreage Existing Square Footage Demolished Housing Applications Housing Constructed 1451 California 4.52 68,552 68,552 0 0 1501 California 3.93 69,793 69,793 0 0 1601 California 8.52 151,915 151,915 180 0 2450 El Camino Real 0.58 12,780 12,780 0 0 2470 El Camino Real 0.58 12,780 12,780 0 0 2500 El Camino Real 0.64 14,300 14,300 70 0 18.77 330,120 330120 250 0 NOTES:   a.  Although there is a net physical increase of 11,571 square feet on the site, the proposed 30,200 square feet amenity building does not count towards Gross Floor Area. b.Although there is a net physical increase of 49,000 square feet on the site, the proposed 116,000 square feet structure includes approximately 4,665 sq. ft. of amenity space an does not count towards Gross Floor Area. c.  Although there is a net physical increase of 10,745 square feet on the site, the proposed project includes 10,745 square feet of amenity space and does not count towards Gross Floor Area. NOTES: 1)  Project and 90k of Phase 2 Replacement Square Footage was not built as originally approved in 2012.  New application received approval on 12/14 (14PLN‐00300) which will utilize previously approved 90k Phase 2 Replacement Square Footage. 2)  Project will also add 3,234 square feet of employee amenity space which does not count towards gross floor area. 3)  Project will also add 1,980square feet of employee amenity space which does not count towards gross floor area 4)  Contigent upon Designated Projects receiving Approval, Building Permit Issuance, & Certificate of Occupancy. 1451-1601 California Avenue Housing application received Planning Entitlement approval on 06/23/14 (13PLN-00433). Final Map Recorded on 06/29/2015 Grading and Construction underway since 11/2014. 2450-2500 El Camino Real Housing application received Planning Entitlement approval on 04/29/2014 (13PLN-00469). Building Permit (14000-01528)issued 02/13/2015. Grading and Construction underway since 02/2015. Attachment C Mr. James Keene City Manager City of Palo Alto 250 Hamilton Avenue Palo Alto, California 94301 STANFORD UNIVERSITY March 27, 2015 RE: Notification of 3170 Porter Drive Status as a Designated Site and Designated Project under the May 24, 2005 Palo Alto I Stanford University Mayfield Development Agreement ("MDA") Dear Mr. Keene: Stanford University is submitting a development review application for the City's review and approval of the proposed redevelopment of 3170 Porter Drive, Palo Alto, California (the "Property") in the Stanford Research Park. The application states that the 98,606 square foot building will replace an existing structure totaling 67,580 square feet. The application also states that the new building includes 96,626 sf of office/R&D space (total Gross Floor Area) and 1,980 square feet of amenity space. Pursuant to the May 24, 2005 Mayfield Development Agreement Section 6.3.1 and 6.3.2, this letter serves as written notice that Stanford is electing to designate the 3170 Porter Drive Property as a Designated Site and Designated Project. Pursuant to Sections 6.3.2 of the MDA, Stanford approves the use of 29,046 square feet of Replacement Square Footage and 67,580 square feet of Associated Square Footage comprising the total Gross Floor Area (96,626 square feet) of the Designated Project. Please also find enclosed a spreadsheet showing all the Research Park projects that have used or are using Replacement Square Footage and Associated Square Footage vested under the MDA, as well as the remaining balances of Replacement and Associated Square Footages. We appreciate the City staffs time in facilitating the review of this exciting Mayfield Project. As always, if you have any questions, please do not hesitate to contact me at (650) 724-4787. @u' Tiff y Gnego ~ Managing Director, Asset Management-Stanford Research Park Cc: v'Ms. Hillary Gitelman, Planning Director, Planning/Community Environment, City of Palo Alto Ms. Molly S. Stump, City Attorney, City of Palo Alto Ms. Cara Silver, Senior Assistant City Attorney, City of Palo Alto Ms. Julie Jones, Perkins Coie Office of the City Clerk (certified mail) STANFORD REAL ESTATE 3160 Porter Drive, Palo Alto, CA 94304 · .650-724-4909 Attachment D Mayfield Development Agreement Applications Revised List of Additonal Square Footage Developments Since the Effective Date Stanford Research Park, Palo Alto, CA March 27, 2015 Mayfield Development Applications Vested Square Footage Designated Sites: 1) 340 1 Hillview A venue 2) 3431 Hillview A venue 3) 1450 Page Mill Road 4) 3170 Porter Drive Designated Projects: 3401 Hillview Avenue 3431 Hillview A venue 1450 Page Mill Road 3170 Porter Drive Date of Designation: 4/27/2006 7/6/2012 9/5/2014 3/27/2015 Subtotal Remaining Balance Replacement Sq Ft Remaining Balance Associated Sq Ft Replacement Sg Ft 300,000 100,000 90,000 14,861 29,046 233,907 66,093 Associated Sg Ft 1,200,000 330,000 0 59,539 67,580 457,119 742,881 Total Gross Floor Area 1,500,000 430,000 74,400 96,626 601,026