A: Estimated Project Highlights:
— Acreage: Around 300
— Percentage of area preserved: Approximately 50%
— Projected space designations according to use:
Pre-COVID-19 scenario: Retail: 96,460 square feet. Office: 512,600 square feet. Civic: 87,000 square feet. Institutional: 86,200 square feet.
Post-COVID-19 scenario: Retail: 147,200 square feet. Office: 276,000 square feet. Civic: 66,400 square feet. Institutional: 30,000 square feet.
— Number of neighborhoods: Three
— Estimated residential units:
Pre-COVID-19 scenario: 2,143 units
Post-COVID-19 scenario: 1,594 units
— Estimated number of residents and employers at build out:
Pre-COVID-19 scenario: 5,118 residents and 1,923 employees.
Post-COVID-19 scenario: 3,985 residents and 1,247 employees.
In general, these changes reflect a shift toward a lower-density, more traditional model of community development, based on localized employment, increasing the number of day-time workers in a WFH format, and thereby local consumer expenditures. This is reflected in the slight reduction in assumed office space, and slight increase in available retail space.