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65-floor building on the Grand Place Tower parcel, and an
underground parking garage on the Garage Plaza parcel.
C. Building Density Limitations for the Library Square Tract
1. Floor Area Ratio Limits
The Library Square tract was subject to the CBD Plan. A
small part of a public right of way in the tract was subject to
the BH Plan. During 1984 and 1985, the CBD and BH Plans
generally restricted development of parcels in the Library Square
tract to a maximum building density or floor area ratio (FAR) of
six times the buildable area1 of that building site. The maximum
FAR under the CBD Plan was 6 to 1. The BH Plan restricted
development to a maximum FAR of 5 to 1.
Under section 437 of the CBD Plan and section 814 of the BH
Plan, CRA could grant a variation (i.e., a variance) to a
landowner to build a building exceeding the maximum FAR that
otherwise would have applied to that property. The CBD and BH
Plans generally permitted one landowner to sell the unused
building density for that landowner’s property to a second
landowner, which would allow the second landowner to build a
higher density building. See, e.g., sec. 418 of the CBD Plan.
Transferred building density was called transferred FAR (TFAR).
1 Under the CBD Plan, buildable area is based on a parcel’s
area less any public streets, sidewalks, or rights of way to
which the parcel is subject.
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Last modified: May 25, 2011