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HomeMy WebLinkAbout3.0_Residences at 4400 Von Karman_PA2020-061_2_Applicant PresentationResidences at Von Karman4400 1Planning Commission, 11/05/20 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) About Us •Founded in 1988 •Privately-owned, family office headquartered in Newport Beach, California •Developer of One Uptown Newport •Thoughtful urban planners and community developers •Executive Team comprised of leading industry professionals •Long-term ownership strategy •Community involvement and investment through Picerne Family Foundation ONE UPTOWN (NEWPORT BEACH, CA) 2 BLU (LAGUNA NIGUEL, CA) ELEVEN10 (ORANGE, CA) Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) 3 Project History Sep. 2010: ICDP approved for 260 additive apartment units within the Koll Center Office Park Jan. 2019: Planning Commission study session on prior project application for Koll Center Residences Jan. 2020: The Picerne Group submits preliminary application for new project Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Community Outreach: o SPON o The Koll Company o Koll Center Building Owners: 4910 Birch (Olen Properties) 4440 Von Karman (4440 VKA TIC 3 LLC) 4490 Von Karman (Smart Circle) 5000 Birch (John Hancock) 4350 Von Karman (COMAC) 4320 Von Karman (Meyer Properties) 4340 Von Karman (VK Condo Assoc.) 4 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Executive Summary o Building Height o Livable Residential Village o Central Park o Affordability 5 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Architecture 6 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Site Plan –Overall 7 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Site Plan –Ground Level 8 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Site Plan –Podium Level 9 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Elevation –Birch St. 10 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Elevation –John Hanock Office Building 11 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Elevation –Main Residential Entry 12 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Elevation –Enhanced Porte-Cochere 13 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Elevation –Von Karman Ave. 14 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Elevation –Interior 15 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Proposed Building Materials 16 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Community Response 17 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Response to Community Input: o Mid-Rise Development o 1-Acre Centralized Park with Integrated Design o Increased Affordability o Retail 18 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Mid-Rise Development 19 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Prior Application: Koll Center Residences o Three separate high-density towers o 15 level high-rise buildings o Two levels of above grade parking garage o Overall height 156ft Adding 65ft marker to this image. Waiting for TCA to provide 20 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Height Comparison: •Revise to mid-rise apartments and condominiums, limited to 4-5 stories •5-story mid-rise podium apartments •Compliments established Koll Center neighborhood •Overall building height 65 feet Community Request:Current Application: 21 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Centralized Park and Integrated Design 22 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Park Design Comparison: •Central neighborhood park •1-acre central neighborhood park •Connectivity for residents and office community within the Koll Center •0.45-mile pedestrian jogging trail and seating nodes facilitate activation ICDP & Community Request (Sep. 2010):Current Application: 23 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Park Design: o City dedicated 1-acre park buffering residential and office (outlined in red) o 0.45-mile pedestrian trails (outlined in blue) o Provides future connection to Uptown Newport Master Plan 24 Future Connection to Uptown Newport Master Plan Pedestrian connection to 1-acre park Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Park Amenities: Blow up legend 25 1 2 3 4 5 6 7 8 LEGEND 1 2 4 3 5 6 7 8 Dog Park Outdoor Plaza Park Trail Game Lawn Bocce Court Shade Pavilion Community Social The Hangout Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Park Perspective Before: Proposed: 26 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Increased Affordability 27 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Affordability Comparison: o For Sale Luxury Condominiums o Sale Price: $2MM+ o 260 Above-Moderate (120%+ AMI) Units o For Rent Apartments o 13 Very Low-Income (50% AMI) Units that will range between $782-$988 per month o 299 Above-Moderate (120%+ AMI) Units Previous Application: Current Application: 28 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Parking 29 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) 30 o The city imposed Development Standard Parking in The Koll Center per the Planned Community Text is 1 stall per 300sf of net office square footage for Area B. o Koll owns and administers the parking through CC&R’s. o Each building owner receives an allocation from Koll based upon their rentable square footage. Office Parking Overview Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) 31All eliminated Koll Center parking will be fully replaced o Two proposed parking structures o Residential Podium Parking Structure o Freestanding Parking Structure o 549 Surface Parking Spaces Eliminated o 560 Office Garage Parking Spaces Provided o Residential Podium: 276 spaces o Freestanding Garage: 284 spaces Office Parking Replacement Plan Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Replacement Parking Summary Replacement parking provided proximate to expected demand Northern Area Buildings Parking Summary Address Owner Building SF 4490 Von Karman Ave Von Karman Ventures LLC 32,093 4440 Von Karman Ave 4440 CKA TIC 3 LLC 44,434 4910 Birch St Olen Properties Group 52,452 Total Building SF 128,979 Total Required Office Parking Stalls Per Code (@ 1 Per 300 SF)430 Proximate Office Surface Parking Stalls Remaining in Area 8 199 Covered Office Parking Stalls Provided in Apartment Garage 276 Total Office Parking Stalls Provided 475 Surplus Office Parking Stalls Provided in Apartment Garage 45 Southern Area Buildings Parking Summary Address Owner Building SF 4350 Von Karman COMAC America Corporation 68,425 4340 Von Karman Von Karman Condo Owners Association 68,425 4320 Von Karman MBC Holdings 8,000 Total Building SF 144,850 Total Required Office Parking Stalls Per Code (@ 1 Per 300 SF)483 Proximate Office Surface Parking Stalls Remaining 354 Covered Office Parking Stalls Provided in Free-Standing Garage 284 Total Office Parking Stalls Provided 638 Surplus Office Parking Stalls Provided in Free-Standing Garage 155 32 Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) LSA Parking Study Summary 33Parking studied at peak hours shows utilization below capacity LSA Koll Parking Utilization Summary | July 2019 Parking Area Total Stalls Peak Demand Utilization Area 1 168 123 73% Area 2 94 46 49% Area 3 140 119 85% Area 4 134 73 54% Area 5 36 23 64% Area 6 56 37 66% Area 7 440 205 47% Area 8 199 135 68% Area 9 84 79 94% Structure 291 89 31% Totals 1,642 929 57% *Average occupancy of buildings in study area at time of analysis = 80% Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061) Conclusion 34 o Long-term ownership perspective o Thoughtful planning o Quality finishes and design Planning Commission - November 5, 2020 Item No. 3j Additional Materials Presented at Meeting by Applicant Residences at 4400 Von Karman (PA2020-061)