Conceptual Meeting Agenda Item

The developer would like to build a 288-unit multifamily development located on Rolling Acres Road adjacent and north of Oak Street, on 20 acres of property referenced by Alternate Key Numbers 1279542,1809118, and 1809100. The project will consist of 12 buildings and will contain 24 units per building. Each building will have four levels with six units per level. Each unit will be approximately 2,400 square feet and will contain three bedrooms and two bathrooms. To be approved a rezoning, future land use amendment, and variance will be required if the consensus of the Town Commission is to proceed.

The applicant states that the traffic impact will be less than what would be generated under the current commercial entitlements. In addition, ownership will be limited to those age 50 and older with no full-time full time household member being less than 19 years old; thus, reducing impacts to the school system. The design of the development and the amenities are environmentally conscious, and the buildings will have “green roofs” with community gardens.