Could anyone on the Planning Board and/or HCAWG disclose what percentage of commercial will be required in the Mandatory Mixed Use district?
What percentage of a building and/or lot will be required to be commercial? Would commercial parking count towards the maximum commercial % lot coverage, or does the lot coverage only apply to buildings? Thank you! Sarah Postlethwait On Sun, Nov 12, 2023 at 2:35 PM Margaret Olson <[email protected]> wrote: > The proposed zoning for the mall has a mandatory retail component. > > On Sun, Nov 12, 2023 at 2:13 PM Sara Mattes <[email protected]> wrote: > >> So, are we now giving up retail at the mall? >> >> ------ >> Sara Mattes >> >> >> >> >> On Nov 12, 2023, at 2:08 PM, Rich Rosenbaum <[email protected]> wrote: >> >> Given the history of businesses leaving the mall, $165k seems to be a >> thin margin for predicting future rental profitability. >> >> It might be noted that rental income is only part of the RLF financials. >> Their overall net seems to be $212,000 for 2022 and -$251,431 (loss) for >> the prior year. That doesn't paint a picture of financial stability to me. >> >> Rich >> (not an accountant, either) >> >> On Sun, Nov 12, 2023 at 10:07 AM Karla Gravis <[email protected]> >> wrote: >> >>> I want to emphasize that the Mall is currently a profitable concern.The >>> RLF disclosed a rental profit of $164,571 in 2022. Details here >>> <https://projects.propublica.org/nonprofits/organizations/46132391/202341749349301024/full>. >>> However, if we rezone it by right, Civico would get to decide what >>> mix of commercial and residential to build. As a private enterprise, they >>> will choose to build whatever leads to the highest profits, which we know >>> is residential. Ms. Barnes mentioned that commercial space will be >>> reduced during the forum on Wednesday. We have no guarantees that >>> Civico would maintain Donelan's or any of the existing commercial space. >>> This >>> outcome would be at odds with our goal of supporting our commercial center >>> and reducing the town's carbon footprint. This is one of the reasons why it >>> is so important that the Mall redevelopment goes through Town Meeting. >>> >>> It is also important to puncture the myth that building units at Lincoln >>> Station would do much to boost the commercial prospects of the area: >>> >>> - The Planning Board released a Lincoln Station Planning Study in >>> 2014. The study concluded that each 100 units added would only support >>> 2,500 sq ft of space. For reference, Donelan's footprint is 20,387 sq ft. >>> Study here >>> >>> <https://www.lincolntown.org/DocumentCenter/View/65765/Lincoln-Station-Planning-Study-3-27-2014bwfinal> >>> - 2,500 sq ft of commercial space per 100 units is probably a very >>> optimistic number. The Study assumed that the leakage (% of convenience >>> buys by residents that happen outside of Lincoln Station) would come down >>> from 80% to 50%. If we use the actual 80% leakage, those 100 units would >>> only support 1,000 sq ft of space. >>> - In all likelihood the leakage is actually higher than 80% today >>> given the increased penetration of online sales in the nine years >>> elapsed. >>> >>> -- >> The LincolnTalk mailing list. >> To post, send mail to [email protected]. >> Browse the archives at >> https://pairlist9.pair.net/mailman/private/lincoln/. >> Change your subscription settings at >> https://pairlist9.pair.net/mailman/listinfo/lincoln. >> >> >> -- >> The LincolnTalk mailing list. >> To post, send mail to [email protected]. >> Browse the archives at >> https://pairlist9.pair.net/mailman/private/lincoln/. >> Change your subscription settings at >> https://pairlist9.pair.net/mailman/listinfo/lincoln. >> >> -- > The LincolnTalk mailing list. > To post, send mail to [email protected]. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > >
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