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Planning Commission: deny North 40

Los Gatos North 40 proposed development as seen from Hwy 17

Los Gatos North 40 proposed development as seen from Hwy 17 -orange netting on story poles

Earlier this week, the Los Gatos Town Planning Commission recommended that the proposed Grosvenor development in the “North 40” be denied by the Los Gatos Town Council.  Reasons cited are that it does not appear to be in conformity with the town’s plan for that large parcel.

The Mercury News reports that:

In advising against approval, the commission’s majority found that the project — being led by Grosvenor in partnership with SummerHilland Eden Housing — was “not consistent” with the town’s land-use guidelines in four ways: It doesn’t address unmet housing needs in the town for seniors; it doesn’t adequately incorporate hillside views in the layout in conformance with town open-space guidelines; it relied on a flawed economic study of its impact on downtown Los Gatos; and its density is too high on a portion of the site.

The first phase of the project would include 320 housing units (including 50 affordable units for seniors) and 66,000 square feet of retail.

Read the whole article here:
http://www.bizjournals.com/sanjose/news/2016/07/14/los-gatos-planning-commission-recommends-denying.html

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Mary Pope-Handy

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Sereno Group Real Estate
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408 204-7673
Mary (at) PopeHandy.com
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