The Master Plan for developing around 2,900 residential units, up to 200,000 square feet of new office space and an additional 200,000 square feet of new retail and amenity space on the nearly 27 acres of parking that currently wrap around the 11-acre Stonestown Galleria have been drafted and formally submitted to the City for review.
As envisioned by Brookfield Properties, in conjunction with SITELAB urban studio, the existing 775,000-square-foot Galleria and additional commercial development would serve as the “Town Center” for the new neighborhood, with surrounding buildings rising up to 190 feet, or 18 stories, in height; a new restaurant and retail corridor, “main street,” along 20th Avenue (which would be reconfigured through the site); six (6) acres of park, plaza and open spaces; and 3,700 parking spaces, which is 300 more than currently exist, primarily in underground and podium parking garages along with a new six-story garage along Buckingham Way, on the northern edge of the site.
In terms of timing, Brookfield is currently aiming to complete the required environmental and design reviews over the next two years, secure approvals, and break ground on the $2 billion redevelopment sometime around 2024, with a phased development of condos, apartments and new commercial buildings, including a potential 200-room hotel.
And yes, while around 2,900 units of housing have been proposed, closer to 3,500 could be developed based on the current zoning limits for the site. But the Stonestown site is also currently only zoned for development up to 65 feet in height. We’ll keep you posted and plugged-in.