Special Commission Meeting Agenda Item

The applicant, Kyle Riva of Alexander Investments International, contends that based upon extensive market research, the unit mix of the multi-family development has been adjusted in order to address consumer demand more accurately. The number of three-bedroom units was reduced and replaced with more two-bedroom units. Additionally, two- bedroom, one bath units were upgraded to two-bedroom, two-bath units. This revised unit count resulted in a reduction of six bathrooms overall and a reduction of building types. Rather than six approved building types, the applicant is now only proposing three. This change has resulted in less square footage coverage of the site (smaller buildings replaced larger buildings).

Also due to market demands, the developer is enhancing the amenity offerings for residents, resulting in the need for a larger clubhouse. They are increasing the building size by approximately 3,000 sq ft. This will enable them to locate the parcel boxes inside (including refrigerated boxes), include a state-of-the-art fitness center and exercise/yoga studio, clubroom, recreation room with bar, pool table, shuffleboard, etc. and add a conference room and cybercafé.

They have also shifted the placement of a couple of buildings in order to enhance the unit views. By revising the building placements, units will now look out over amenity areas and less at parking areas, roads, and retail loading docks, etc. This change will enable the developer to enhance the landscape views throughout the property.

The changes do not require approval from the Town Commission given that they are slight changes to the approved site plan for the Lady Lake Apartments. The modifications can be approved administratively through the minor modification application process; however, the applicant wanted to make the Commission aware of the changes they have made as a measure of courtesy.