Council to Consider Fred Segal Replacement Development
BROADWAY — A plot currently occupied by the shell of a mini-mall and a parking lot could be replaced by a 7-story, 330,000-square-foot mixed-use development project.
Many businesses inside the Fred Segal building on the corner of Broadway and Fifth Street were asked to leave in May. City Council will take its first look at the project proposed to replace the old building at its next meeting.
The Fred Segal building across the street will remain.
If council gives the nod, city officials and developer DK Broadway LLC will begin the development agreement negotiations over the project. Council would get another chance to look at the project before its final approval.
The proposal consists of approximately 39,600 square feet of ground floor commercial area, and 262 residential units across four 84-foot buildings.
Parking is addressed through a four-level, 577-space underground garage.
Developers plan to have a grocery store on the ground floor. A gym may also be included on the ground floor.
Planning Commissioners were generally supportive of the designs when they reviewed the project in July.
Commissioners noted that it was challenging to evaluate the project given that City Hall is in between planning documents.
A Downtown Specific Plan, which will dictate land-uses in the area for years to come, is in its very early stages. Some parts of the project adhere to the current interim planning document but not the draft of the Downtown Specific Plan and vice versa.
About half of the 262 units would be 1-bedroom apartments with about 20 percent being studios and another 20 percent being 2-bedrooms. The remaining 10 percent would be 3-bedrooms.