According to a December 2017 informational staff report, since that plan was approved, there have been 438,049 square feet of new nonresidential space approved or proposed, representing 92 percent of the maximum amount of nonresidential development; and 492 new housing units approved and proposed, or about 72 percent of the maximum residential growth allowed in the area. Those units and the nonresidential square-footage are spread across 21 developments proposed, approved, and under construction in the plan area.
The plan area, shaped like a squat T with a long wingspan, incorporates businesses along El Camino Real from Sand Hill Road to Watkins Avenue and, perpendicularly, the downtown businesses on Santa Cruz Avenue and the blocks on either side of it, through the city's downtown commercial hub, to University Drive.
The report also indicates that of what's been approved, construction for nonresidential projects is happening before housing unit construction. So far, according to staff, building permits for a total of 115,758 square feet of nonresidential space have been granted, or 24 percent of what's allowed, while only 18 new housing units, or 3 percent of what's allowed, have received building permits.
To raise the development cap for residential or commercial development beyond what is in the plan will require environmental review, a process that usually takes at least one year, according to staff.
The City Council is expected to discuss the matter sometime in early 2018.
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