Title
Report to approve, by motion, the new Rotary Building to replace Liberty Bank. (Luke Forcier, Economic Community Development Director)
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RECOMMENDATION
Recommendation
Staff recommends beginning communication with the public about the new Liberty Bank developments through an introduction of the plan and background on the new Rotary Building.
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BACKGROUND/DISCUSSION
Currently at 500/ 522 Linden Avenue is the old Liberty Bank that shut down and moved out of town a while ago. As a reminder, Rotary purchased the land and intends to build affordable housing in place of the old Bank and the parking lot. The Rotary Club in South San Francisco has been responsible for other affordable housing projects around the area, and they are interested in building a new one called Rotary Gardens. Their development partner Beacon is based out of Seattle, and they specialize in modern construction Redevelopment and seem to be in close partnership with Rotary to build new affordable housing. With Council approval the City has also invested over $2 million to the development of these homes and are looking forward to this much needed housing.
From the design it seems to be like their previous buildings that fit in with the rest of the general aesthetic of the area. The buildings are tall with a beige coloring with concrete surrounding it. With a lobby at the bottom of it then the apartments going above that to make the final building project. These renderings will be reviewed by Planning staff and then to be reviewed and approved by the Planning Commission for affordable housing upscale Apartments.
FISCAL IMPACT
There will be no fiscal impact on this project because the money is being taken out of the PLA funds and not part of the general fund of the City.
CONCLUSION
Staff recommends that City Council approves the start of public outreach to communicate the vision of Rotary Gardens.