Proposed 4th Street Arclight Cinema
Transcription
Proposed 4th Street Arclight Cinema
City Council January 26, 2016 1318-1320 Fourth Street Proposed 4th Street Arclight Cinema 1318 – 1320 4th Street 15ENT-0225 January 26, 2016 City Council January 26, 2016 1318-1320 Fourth Street History Appropriateness • Birth of the Third of building Streetmass Promenade and scale for the intersection; • Promenade Uses Task Force Quality of proposed design at downtown gateway intersection; • Downtown Parking Task Force Relationship with future light rail station; • Walker Parking Study Consistency with the LUCE; Level of desired consistency with draft DSP; and Potential Community Benefits City Council January 26, 2016 1318-1320 Fourth Street Decline of Attendance City Council January 26, 2016 1318-1320 Fourth Street 724 SEATS 2 405 SEATS City Council January 26, 2016 1318-1320 Fourth Street Market Area City Council January 26, 2016 1318-1320 Fourth Street Cinema Efforts • RFP for Cinema (2007) Appropriateness of building mass and scale for the • intersection; AMC Proposal (2008) Quality of proposed design at downtown gateway • intersection; AMC ENA Expired (2012) • Relationship with future light(2012) rail station; Open Market Soliticitation Consistency with the LUCE; • ArcLight/Macerich ENA (2014) Level of desired consistency with draft DSP; and Potential Community Benefits City Council January 26, 2016 1318-1320 Fourth Street Existing Conditions 724 City Council January 26, 2016 1318-1320 Fourth Street Purpose Float-Up Review Introduce project concept to City Council and public; Opportunity to review and discuss the concept plans; and Provide direction on negotiation points and potential community benefits City Council January 26, 2016 1318-1320 Fourth Street Property Location Subject Site Downtown Zoning LUCE Specific Plan Removal #3 Arizona Ave & Santa Monica Blvd. • West sideofofParking Fourth Structure Street between 100,000 sf theater/retail development • Downtown Core (DSP) / Bayside District Specific Plan / BSC-2 zone 90,0002490(CCS) sf theater requires use / 10,000 sf project ground over floor32ft. commercial • IZO# DA for in height. City Council January 26, 2016 1318-1320 Fourth Street Existing Conditions Surrounding Uses Banking Retail / Services Fourth Street facing north Office Residential Fourth Street facing south City Council January 26, 2016 1318-1320 Fourth Street Project Description Appropriateness of building mass and scale for the intersection; Quality of proposed design at downtown gateway intersection; Relationship with future light rail station; 3rd Consistency with the LUCE; th nd Floor Floor Ground 42 Floor Floor Level of desired consistency with draft DSP; and • 10,000 sf ground floorStructure commercial Demolition of Parking #3 (344 spaces) BSC-2 Potential Community Benefits • 90,000 sfsftheater use 100,000 theater / retail development • 4-stories / 56 feet in height • Up to 16 theater 4-stories / 84 feetauditoriums in height (up to 2,700 seats) • 3.0 FAR • Interior 3.4 FAR restaurant/lounge City Council January 26, 2016 1318-1320 Fourth Street Project Description North Elevation South Elevation City Council January 26, 2016 1318-1320 Fourth Street Necessary Approvals Development Agreement 1988 Zoning Ordinance (BSC-2 zoning district) Appropriateness of building mass and scale for the intersection; Does not meet building massing (height, stepbacks, and building volume) requirements. Quality of proposed design at downtown gateway 3.0 FAR intersection; 56’ height Relationship future station; Upper level with stepbacks abovelight 30’ in rail height Consistency with the LUCE; Bayside District Specific Plan Level ofexceeds desired consistency draft DSP; and Project maximum allowablewith height (56 feet). Potential Community Benefits City Council January 26, 2016 1318-1320 Fourth Street Necessary Approvals Parking Study Appropriateness of building mass and scale for the Inventory of public and private parking opportunities. intersection; Analysis of utilization of existing parking structures. Quality of proposed at downtown gateway Future parking demand design and supply. intersection; Estimate potential parking demand from new Downtown developments. Relationship with future light rail station; Provide recommendations based on Study’s findings. Consistency with the LUCE; Level of desired consistency with draft DSP; and Potential Community Benefits City Council January 26, 2016 1318-1320 Fourth Street Community Benefits Community Benefits Appropriateness offor building mass and scale for the Availability of screens use during film markets or festivals that intersection; may be hosted in Santa Monica; Quality Auditorium availability for use by community groups; of proposed design at downtown gateway intersection; Provision of public art; Relationship Enhanced TDMwith plan;future light rail station; Enhanced Transportation Impact fee contributions; Consistency with the LUCE; Build or fund an enhanced crosswalk; Level of pedestrian desired consistency with draftStreet; DSP; and Provide access from alley to Fourth Potential LEED certification Community Benefits City Council January 26, 2016 1318-1320 Fourth Street Architectural Review Board ARB Float-Up Appropriateness June 15, 2015 of building mass and scale for the More upper level stepbacks should be considered. intersection; More evaluation of the effects of the Krion material. The project’s relationship to the street should be further examined. Quality of proposed design at downtown gateway Provide more visual permeability. intersection; Relationship with future light rail station; PV panel opportunities should be explored. Is ground floor retail component Consistency with the LUCE;necessary? More differentiation should be provided along side and rear Level of desired consistency with draft DSP; and elevations. Pedestrian access from Benefits the alley to Fourth Street should be Potential Community provided. City Council January 26, 2016 1318-1320 Fourth Street Planning Commission PC Float-Up Appropriateness August 19, 2015 of building mass and scale for the Height, mass, and bulk of building are too large. intersection; Building height and Council direction should be guided by Parking study must also consider circulation and accessibility to parking. Quality of proposed design gateway compatibility with historic fabric ofat 4thdowntown St. intersection; Relationship with future light rail station; Pedestrian access from the alley to Fourth Street should be Consistency provided. with the LUCE; Level of desired consistency with draft DSP; and Potential Community Benefits City Council January 26, 2016 1318-1320 Fourth Street Alternative Design Concept City Council January 26, 2016 1318-1320 Fourth Street Process / Next Steps DA Process / Next Steps Appropriateness of building mass and scale for the CEQA process intersection; Staff negotiations with developer Quality ofCommission proposedreview design at downtown gateway Planning of DA intersection; -Recommendation to City Council withoffuture light rail station; Relationship City Council review DA Consistency ARB review of with projectthe (post DA approval). LUCE; Level of desired consistency with draft DSP; and Potential Community Benefits City Council January 26, 2016 1318-1320 Fourth Street Conceptual Business Terms In Agreement: Ground Lease –35 years with 4, 5-year options (50 years total) Lease Payments • $25,000 annually during construction • $100,000 with 10% increases every 5 years Percentage Rent on the Cinema Use – based on attendance In Disagreement: Operating Covenant – term of 10 years vs. 15 years Percentage Rent on the Retail Use City Council January 26, 2016 1318-1320 Fourth Street Comments or Questions