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The Reserve at Vero, was approved by the Board in 2014, provides for ±4 acres of commercial development (Chick-Fil-A, future Outback Steakhouse, and future retail building) and provides for 159 multi -family units on +16 ".residential" acres. The Reserve at Vero is now mostly constructed, is designed to integrate the multi -family units with adjacent commercial uses inside and outside the project, and directly accesses College Lane and a "public" north/south access road that lies on the western edge of the adjacent Century Town Center retail center. As a result, The Reserve at Vero supplements the amount of commercial acreage in the node and provides benefits of a mixed use project which include appropriately Iocated and designed multi -family residential, infrastructure improvements that benefit the flow of residential and commercial traffic, and alternatives to SR60 access. The existing Mixed Use Policy 5.6 of the Future Land Use Element will allow a mixture of residential and commercial uses at the southeast and southwest corners of SR60 and 66' Avenue but at a limited scale (40 acres maximum) and without guarantees of shared infrastructure that will integrate the project with the IRSC expanding campus. Currently, property at the southeast and southwest corners of SR60 and 66th Avenue are under control of a single owner and are adjacent to the ±140 acre IRSC Mueller Campus which includes 90+ acres of yet -to -be -developed campus area. Through a mixed use PD "area master plan" approach, there is a unique opportunity to accommodate and integrate residential, commercial, and institutional (college) uses. Such an approach will require property reconfiguration to properly and logically consolidate owner/developer property and IRSC campus property and to ensure properly located major infrastructure improvements including shared access roads to SR60 and 6661 Avenue, a bridge over the Lateral A canal, and a traffic signal at 66th Avenue and "186i Street" (see attachment #3). In order to properly master plan and integrate uses on the east and west sides of 66' Avenue, the current mixed use project size limit needs to be increased to allow for an 80. acre maximum PD project area. Other changes to Policy 5.6 are needed to guarantee and incentivize construction of shared infrastructure improvements and to add flexibility for the timing of commercial building and residential unit construction. These changes will increase the portion of commercial area allowed within the project and will allow the timing and pace of commercial and residential "vertical development" (buildings) to vary. To address these issues, staffhas coordinated with IRSC staff and the adjacent land owner and his project engineer, and drafted proposed changes to the mixed use policy (see attachment #5). • Draft Changes to Mixed Use Policy 5.6 As structured, the draft changes establish special mixed use criteria for a "preferred location area" such as the area adjacent to both the SR60/58t1i node and the IRSC campus. Special criteria for a preferred location include an .increase in mixed use PD project maximum area from 40 acres to 80 acres. The proposed preferred location criteria also allow an increased proportion of project area for commercial use from 25% to up to 50% with a cap of 30 acres, and an increase in individual building maximum area from 25,000 sq. ft. to 60,000 sq. ft. Proposed criteria also require provision of infrastructure improvements for SR60 access, 666i Avenue access, a bridge over Lateral A canal, and signalization at 66' Avenue/" 18th Street" for any mixed use project at a preferred location adjacent to MA.AGENDA\Current Year\2016\Request for Authorization to Initiate a Comp Plan Text Amend to Mixed Use Policy 5.6 - 111516BCC.docx 3 230