As we outlined back in September, plans to add four new floors of office space atop the old Roos Bro’s clothing and gent’s furnishings building at 2 Stockton Street, which Forever 21 had most recently occupied, have been drafted and submitted to Planning for feedback.
The proposed addition would yield 49,999 square feet of all new office space, which is one foot below the mark at which a coveted allocation from the City’s limited pool of allowable Large Cap office developments would be needed. But the draft plans call for converting 8,060 square feet of existing administrative space into designated office space as well, an approach which Planning has flagged as a de facto conversion. And as such, the project as proposed “would require authorization of all 58,058 square feet of office use” and require an allocation from the aforementioned Large Cap pool, a pool which currently contains 24,949 square feet of allocable space with nearly 5 million square feet of Large Cap projects on the boards.
In addition, the project would need a Conditional Use Authorization (CUA) to proceed as proposed and Planning is “encouraging” the project team, “to look at ways to eliminate the need for a CUA by either reducing the size of the office tenant spaces, or looking to other uses that could be principally permitted.”
Speaking of which, as also noted by Planning: “Please consider that housing is principally permitted in [this] zoning district, and that this zoning district has no dwelling unit density limit.” And as such, “the addition of housing to this property would require neither a Conditional Use Authorization nor an Office Allocation.”
We’ll keep you posted and plugged-in.