195 East Hillcrest Drive (Addendum to Thousand Oaks 2045 General Plan Update)

195 East Hillcrest Drive (Addendum to Thousand Oaks 2045 General Plan Update)

Request to demolish two existing commercial office buildings and construct a new apartment building establishing a horizontal mixed-use development consisting of 297 residential units, including 25 lower-income deed-restricted affordable units with a 20 percent Density Bonus, including remodeling a 10,184 square-foot stand-alone commercial building, common exterior gathering areas, roof decks, dog park, other amenities, grading, hardscape, and landscape. The 297 residential units would be distributed within one 5-story, 56-foot-tall multi-family residential building with 66-foot-tall elevator/stairwell features, including an internal 5-level parking structure. The project provides 490 total on-site parking spaces, which consist of 449 residential and 41 commercial parking spaces. The project includes a request to subdivide the subject 8.21-acre parcel into one master parcel (8.21 acres) and one airspace parcel for the existing commercial building (0.318-acre parcel).The list below includes the anticipated requests for approval for the Project. The Project provides common open space at the southwest corner of the residential building, accessible from East Hillcrest Drive, along the south property line. The Project includes common open space design elements that encourage social interaction and wellness with naturally landscaped open space areas, programmed spaces, and walking paths. The Project is designed in conformance with the TOMC, inclusive of the requested Objective Design Standard Modifications. In accordance with the SDBL, the Project includes 10% of the base number of residential units (247 base units) as affordable units in the low-income category, which equates to 25 affordable lowincome units. This allows the Project to add 20% more residential units to the 247 base units as a “Density Bonus,” which equates to 50 additional residential units for a total of 297 residential units. As proposed, the Project will be consistent with the goals and policies of the General Plan Update, the Housing Element, and Inclusionary Housing Ordinance by providing rental housing in the form of 25 low-income affordable units. Discretionary Actions • Development Permit (DP) 2025-70001: Request to demolish an existing commercial office development and construct a new horizontal mixed-use development consisting of 297 residential units with a 20 percent Density Bonus providing 25 lower-income affordable units, refurbishing a 10,184-sf stand-alone commercial space, one parking garage, common exterior gathering areas, roof decks, including grading, hardscape, landscape. • Protected Tree Permit (PTP) 2025-70002: Allow removal of eight (8) protected oak trees and nine (9) landmark trees, including encroachment into the protected zone of ten (10) protected oak trees and three (3) landmark trees. • Land Division (LD) 2025-70004 (Vesting Tentative Parcel Map): to subdivide the subject 8.21-acre property into one master parcel (8.21 acres) and one airspace parcel for the existing commercial building (0.318-acre parcel). • Environmental Document (CEQA) 2025-70001: Consider the Addendum to the 2045 General Plan Update Environmental Impact Report (EIR)No. 2022-70558 (SCH #2022060087). An Addendum has been prepared for the Project pursuant to Sections 15162 and 15164 of the CEQA Guidelines evaluating all potential adverse environmental impacts of the Project which determined that, with the inclusion of recommended mitigation measures contained in the 2045 General Plan Update EIR, the Project will not result in new significant impacts nor substantially increase the severity of previously disclosed impacts beyond those already identified in No. 2022-70558 (SCH #2022060087). Conditions of approval applied to the Project ensure that all applicable mitigation measures provided in EIR No. No. 2022-70558 (SCH #2022060087) are implemented. • Other discretionary and ministerial permits and approvals: Other approvals that may be deemed necessary, including, but not limited to, haul route permit, temporary street closure permits, grading permits, excavation permits, foundation permits, building permits, and sign permits.

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