Agenda - Council - 05/14/2024 - Laserfiche WebLink

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NORHART RAMSEY Project Narrative INTRODUCTION Norhart is pleased to submit application for approval of a 218 unit, mixed use, market rate multifamily development.This development will play a significant role in fulfilling the City of Ramsey's COR housing and retail needs.The building offers luxury amenities and housing options for a variety of lifestyles and includes a vertically integrated retail component.With 64%of the building within the site's build to line, Norhart Ramsey apartment will contribute to the city's walkable, urban feel enhancing the streetscape look and feel of the community. APPLICATION 'gite Plan Poview We respectfully request a review of the proposed mix-use multifamily development in the COR of Ramsey. Zoning Amendment We respectfully request an amendment to the zoning from COR-4b to COR-4c to accommodate the higher proposed density of 56 units per acre.The COR-4b zoning district allows 4 to 15 units per acre while the COR-4c zoning district allows 15 or more units per acre.The development proposes 218 dwelling units on approximately 3.875 acres which is 56 units per acre. OW Variance Requests- Maximum Building Floors If the above zoning request is approved,we respectfully request a variance for the maximum floors allowed in COR-4c from 4 stories to 5 stories. Complying with the COR-4c zoning code causes practical difficulties for the project as it does not allow the development to reach the required number of units to financially proceed. If the development utilizes 4 stores it will yield 172 units. For the project to be financially viable,the development needs to achieve 200+units. SITE DESCRIPTION The proposed development is located on the northern corner of Sunwood Drive NW, Ramsey Parkway and Zeolite Street NW.The parcel totals approximately 3.875 acres and will share an entrance access point from Sunwood Drive NW with the Hilton Home2Suites development with a second access point on Zeolite Street NW.