FREQUENTLY ASKED QUESTIONS

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					FREQUENTLY ASKED QUESTIONS Why are you proposing changes? Hyde Park Village is fine the way it is. This project is not about development for development’s sake. It’s about working with the city and the Hyde Park residents in order to revitalize an area that, prior to our ownership, fell into physical disrepair and continues to suffer a high vacancy rate. Allowing for the development of new residential units will breathe new economic life into the neighborhood and create public and commercial spaces that retailers, residents and visitors want to patronize. What is the highest point of new buildings proposed in the development plan? The height of tallest proposed point is 102’-4”, consistent with other buildings in the Hyde Park District such as the Bayshore Royal at 115 ft. and the Seville at 78 ft., as well as new construction such as the Varona is 104 ft. What are the historical precedents for mass and scale for the new buildings? We have proposed a scale that is consistent with historic examples of commercial structures in the area such as the Seville, the Embassy, the Crescent, the Bayshore Royal, the Bayshore Baptist and the Mirasol. We believe our plans comply with the density and uses permitted in the City’s Comprehensive Plan relative to Urban Villages, which expressly includes Hyde Park Village. Why doesn’t the residential design look more in harmony with the wood-frame historical nature of area? The proposed design is dramatically different than other residences, but we believe it blends easily into the fabric of the district. There will be heavily landscaped streetscapes, generous setbacks, terraced building designs and traffic-calming features, as well as pedestrian-friendly access and walkways. What are the plans for the circle and fountain in the center of the Village? Currently, there is no plan to alter the Village Circle. The focus right now is on the larger redevelopment plan. Ultimately, our goal to enhance the pedestrian experience in Hyde Park Village, and some solutions could include enhancements to the plaza that will help it better serve as a Piazza for events when the Circle is closed off. Any changes will be presented in advance to the community and the ARC for feedback. How many new residences are planned for the village? As estimated in the proposal, there will be approximately 220 new one-, two- and threebedroom units, with the average size ranging from 1,100 to approximately 1,330 square

feet. We believe the unit count is appropriate for the size of the Village and is consistent with the City’s Comprehensive zoning plan. Other condominiums on South Boulevard were scrapped because they did not sell – what makes this project different? This project’s best amenity is the Village. The true mixed-use nature of the redevelopment means that it will draw a wide variety of residents and visitors who want enjoy living, working and shopping in an urban setting. Won’t this create more traffic in the village? Connectivity, accessibility, comfort and safety are essential for Hyde Park Village’s and the neighborhood’s success. If the plans are approved, Wasserman intends to construct traffic calming improvements to minimize navigational speeds through Hyde Park Village, particularly on Swann Avenue, through design elements such as bulb outs, on street parking (80 spaces), and landscaping. We expect these improvements will calm traffic, have little or no impact on capacity, and dramatically improve the pedestrian experience. Will there be enough parking? Parking is not, and has never been, a problem in Hyde Park Village, and we do not anticipate that it will be a problem in the future. The project was very well designed originally to steer traffic away from the core neighborhoods. New buildings will include their own (very adequate) parking structures, and we expect the number of spaces provided in the Village will meet or exceed Code.