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��nl�' III° (('� •'Iu JI6,, li „III �� �� ���,, JI6 11 II'',10 <br />INTRODUCTION <br />Norhart is pleased to submit application for approval of a 218 unit, mixed use, market rate multifamily <br />development. This development will play a significant role in fulfilling the City of Ramsey's COR housing <br />and retail needs. The building offers luxury amenities and housing options for a variety of lifestyles and <br />includes a vertically integrated retail component. With 64% of the building within the site's build to line, <br />Norhart Ramsey apartment will contribute to the city's walkable, urban feel enhancing the streetscape <br />look and feel of the community. <br />APPLICATION <br />We respectfully request a review of the proposed mix -use multifamily development in the COR of Ramsey. <br />4111111H7" a",1111111,111111lh' <br />We respectfully request an amendment to the zoning from COR-4b to COR-4c to accommodate the higher <br />proposed density of 56 units per acre. The COR-4b zoning district allows 4 to 15 units per acre while the <br />COR-4c zoning district allows 15 or more units per acre. The development proposes 218 dwelling units on <br />approximately 3.875 acres which is 56 units per acre. <br />b 11 II,'411'l ii p r; P II' III I Il 11 if it ll!I II If a II'am m 1111111HH, II <br />If the above zoning request is approved, we respectfully request a variance for the maximum floors <br />allowed in COR-4c from 4 stories to 5 stories. Complying with the COR-4c zoning code causes practical <br />difficulties for the project as it does not allow the development to reach the required number of units to <br />financially proceed. If the development utilizes 4 stores it will yield 172 units. For the project to be <br />financially viable, the development needs to achieve 200+ units. <br />SITE DESCRIPTION <br />The proposed development is located on the northern corner of Sunwood Drive NW, Ramsey Parkway <br />and Zeolite Street NW. The parcel totals approximately 3.875 acres and will share an entrance access <br />point from Sunwood Drive NW with the Hilton Home2Suites development with a second access point on <br />Zeolite Street NW. <br />