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TO: Mayor Richard C. Irvin
FROM: Planning and Zoning Commission
DATE: November 4, 2021
SUBJECT:
A Resolution Approving a Preliminary Plan and Plat for DAC Development Subdivision on property located at 100 N. Broadway for a Multi-Family Dwelling (1140) Use (DAC Developments - 21-0664 / AU22/3-21.241-CUPD/Ppn/Psd - TV - Ward 1)
PURPOSE:
The Petitioner, DAC Developments, is requesting approval of a Preliminary Plan and Plat for DAC Development Subdivision located at 100 N. Broadway for a multi-family residential building.
BACKGROUND:
The Subject Property is currently a parking lot owned and operated by the Dolan family with M-1(C) General Manufacturing, District with a Conditional Use zoning. This area has long been envisioned for new high-quality residential housing. The Seize the Future Master Plan branded this area the "Roundhouse Neighborhood" and identified this area along the Fox River as being a neighborhood that residents enjoy easy access to a first-class commuter facility and the exciting live performances at the new festival park (aka RiverEdge Park). In July of this year, the City Council approved a Redevelopment Agreement with DAC Developments for the construction of a new market rate 246-unit multi-story residential building.
The Petitioner is requesting approval of a Preliminary Plat and Plan. The Preliminary Plat request combines the three parcels, being 1.93 acres, into one parcel to allow for construction of the proposed building.
The Preliminary Plan proposal includes the construction of a new riverfront market rate multi-story residential building. The proposed building consists of 5 stories with a total of 246 units. The units will be a combination of studios, 1-bedrooms, 2-bedrooms, and 3-bedrooms ranging from 405 sq. ft. to 1200 sq. ft. A total of 310 parking spaces will be located within the parking garage and 4 surface parking spaces will be located near the main entrance for short-term and long-term loading. On...
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