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The CBD and Bunker Hill Redevelop. Plans generally
permitted a FAR of 6 to 1 with respect to the five Library
Square tract parcels. The zoning change, among other things,
established a mechanism (i.e., the covenants running with the
land recorded by each Library Square tract owner against its
parcel) whereby the unused building density of the Central
Library and Garage Plaza parcels was used for the Library Tower
and Grand Place Tower parcels. The record reflects that,
through this zoning change (i.e., with Ordinance No. 159802 and
the MTP Designated Building Site in place), MTP and its
successors obtained an additional 1,557,266 square feet of floor
area for the Library Tower and Grand Place Tower parcels. The
1,557,266 square footage of floor area is calculated as follows:
Permitted net floor
area sq. footage with
Parcel zoning change
Library Tower X (unknown)
Garage Plaza 6,000
Grand Place Tower Y (unknown)
One Bunker Hill 240,000
Central Library 361,000
Total: 12,164,266
Overall FAR: 26.0
1 The total of the amounts for Library Tower and Grand
Place Tower account for the difference between the numbers
appearing in this chart and 2,164,266. The net buildable
area of the five parcels, multiplied by six. 360,711 times
6 equals 2,164,266. See Table 1, supra p. 8.
2 Computed on the basis of net buildable square footage
as the CBD Plan provides.
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