Added Apr 03 2012
From the City Council:
The North Beacon Hill legislation (Council Bill 117375) will rezone 85 parcels on 12 acres of land around the station, along with expanding the Station Area Overlay boundary to include the block immediately north of the light rail station and some areas on the north end of the Beacon Hill business district. It is estimated that these rezones will almost double the current capacity for growth in the North Beacon Hill Residential Urban Village, from 677 units to 1294 units. Not all of this capacity is expected to be used in the 2031 planning horizon. The actual number of units expected to be developed by 2031 increases from 233 to 446. This is still a fairly modest level of development for an area served by light rail, but it represents the best estimate of what developers would actually be willing to proceed with over this time period. The rezones include requirements for affordable housing. Development on the site owned by El Centro de La Raza between El Centro and the station is expected to create a major portion of the new housing. This project will also include community amenities such as a plaza and spaces for small businesses that serve community residents.