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Home My WebLink About5.0_The Ritz-Carlton Residences_Applicant Presentation_PA2021-296Ritz-Carlton ResidencesPA2021-296 Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Project Summary •Hotel-branded residences key component to thriving hospitality campus •Conversion of up to 30% of existing approved hotel rooms to accessory residences –no net increase in intensity •Demolition of pre-Coastal Act Harbor Landing building and existing hotel parking structure •Construction of new accessory residences with subterranean parking and new hotel parking structure in consolidated footprint Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Project Team •Property Owner: Newport Center Hotel, LLC •Eagle Four Partners •Lyon Living •MVE Architects •Burton Studios -Landscape Architect •Fuscoe Engineering Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) •Transformational revitalization to the former Newport Beach Marriott –now VEA Newport Beach, a Marriott Resort and Spa •VEA is all about local community engagement which is critical to the success of the resort hotel •There are three target guests:•Enjoy •Stay •Live •Ritz-Carlton Residences is an accessory use which compliments the incredible renovation at VEA Newport Beach Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Hotel-Branded Residences Operated Under Marriott Campus Marriott Management Team GM –Debbie Snavely Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Hotel-Branded Residences Chronology City Council adoption of Policy K-4, Reducing the Barriers to the Creation of Housing, March 9, 2021 Policy K-4 directed staff to aggressively implement various strategies designed to accelerate housing production including encouraging the development of mixed-use hotels Planning Commission reviewed and upheld DD upon appeal July 8, 2021 Director’s Determination DD2021-001, Interpreting Accessory Residential as an Allowed Use within Resort Hotels, April 30, 2021 City Council reviewed and upheld the DD on appeal from the Planning Commission action August 24, 2021 In 2020, hotel industry devastated by COVID -19 pandemic, hotel business plans destroyed. HCD provides RHNA allocation revealing the need to plan for thousands of housing units in Newport Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Entitlement Application 1.Major Site Development Review 2.Modification Permit (Tandem Parking) 3.Conditional Use Permit (Required by DD2021-001) 4.Coastal Development Permit 5.Vesting Tentative Tract Map Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Project Site Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Project Site Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Completed Site Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) •Consistent with all City design standards •Exceeds parking requirement •Main residential entry aligned with existing intersection at Cucina Enoteca in Fashion Island •Fire/Service drive ensures access - no impact to Newport Center Drive •Substantial increase in open space/landscaping •High-quality building materials consistent with Newport Center Site Development Review Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) No Net Increase in Intensity 532x30%= 373 hotel rooms and 159 accessory residential 611-79=532 Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Reduction in Traffic Trips Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Building Height High Rise Height Area Original Master Plan Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) East Elevation Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Site Section Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Residential Structure Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Fire Access and Service Drive Section Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Hotel Parking Structure Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Building Materials Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Building Architecture Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Compatibility with Newport Center Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Castaways Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Yacht Streets Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Spy Glass Hill Rd Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Granville Entry Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Modification Permit –Tandem Parking Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Conditional Use Permit Required to ensure adequate parking and to analyze potential financial impact associated with loss of Transient Occupancy Tax (TOT) •Project exceeds parking requirement for both the hotel and accessory residential •TOT from VEA and Property Tax combined will result in $136 million in revenues to the City over 20 years, which is $40 million more than without this reinvestment and hotel branded residences Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) City Issued Coastal Development Permit •Project site at outermost boundary of Coastal Zone within City’s Certified LCP •Located outside of Coastal Commission appeal jurisdiction •Harbor Landing Building pre-Coastal Act, not subject to Coastal Commission authority or prior Commission issued CDPs •No impacts to coastal resources or low-cost accommodations Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Public Benefit Fee -$100,000 Per Unit •General Public Benefit -$22,300 per unit •Public Safety -$2,000 per unit •Future Improvement to Public Coastal Access -$10,700 per unit •Future Acquisition and Construction of Affordable Housing - $65,000 per unit Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Public Outreach •Outreach initiated prior to application submittal •Conducted more than 25 formal outreach meetings •Met with the following groups: •SPON •Interested land-owners •Neighbors •City leaders •Community members; and •Business leaders •Written acknowledgement/supported by: SPON, Granville HOA, Meridian HOA, Newport Beach Country Club, Tennis Club Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Project Conclusions •Consistent with all City development standards •No plan amendments or variances required •No new intensity –consistent with prior conversions •No new environmental impacts, reduction in traffic trips •Consistent with City Council Policy K-4 and DD2021-001 •TOT from VEA and Property Tax combined will result in $136 million in revenues to the City over 20 years Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296) Requested Action •Approve the proposed project consistent with the Staff Recommendation including: •Major Site Development Review, •Modification Permit, •Conditional Use Permit, •Coastal Development Permit, and •Vesting Tentative Tract Map Planning Commission - May 12, 2022 Item No. 5i - Additional Materials Presented at the Meeting by Applicant The Ritz-Carlton Residences (PA2021-296)