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sites, the FAR for each of the proposed Library Tower and Grand
Place Tower buildings would exceed 23 to 1.
During MTP’s and CRA’s negotiation of the Library Square
development project in 1984, it was proposed that the City enact
an ordinance treating the Library Square tract as a single
building site. Under this ordinance, CRA would issue variations
to MTP permitting MTP to build Library Tower and Grand Place
Tower buildings as follows:
Table 1
Buildable Area Total Permitted Net Floor Area
Sq. Footage Sq. Footage
Parcel Gross Net Permitted Without Ord. &With Ord. &
FAR CRA Variation CRA Variation
Library 69,277 55,600 6.0 : 1 333,600 1,300,000
Tower
Garage Plaza 75,000 75,000 17.5 : 1 562,500 26,000
Grand Place 60,500 52,500 6.0 : 1 315,000 1,200,000
Tower
One Bunker 30,384 30,400 37.2 : 1 220,000 240,000
Hill
Central
Library 147,211 147,211 17.5 : 1 1,104,083 361,000
Totals 382,372 360,711 2,535,183 3,107,000
Overall FAR: 48.12
1 Includes a 25 percent density bonus for rehabilitation and expansion
of the Central Library.
2 To be built within a building footprint not exceeding 3,000 square
feet.
3 The square footage of the existing building.
4 Computed on the basis of gross buildable area square footage
(3,107,000 divided by 382,372, i.e., about 8.12). The City’s Central City
Community Plan provides for calculating FAR based on gross buildable square
footage, and the CBD Plan provides for calculating FAR based on net
buildable square footage. Overall FAR with respect to the five parcels
would be 8.61 if computed on a net buildable square footage basis.
(3,107,000 divided by 360,711, i.e., about 8.61.)
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Last modified: May 25, 2011