Project Facts
Garden Street Terraces is a mixed-use development planned for Downtown San Luis Obispo, bordered by Garden, Broad and Marsh streets.
The project is a five-story building that includes:
- 95-room boutique hotel with restaurant, café, bar and lounge
- 21,000-square-foot commercial retail space
- 14,000-square-foot neighborhood market
- 34 residential units
- 62 public parking spaces on site
- 85 residential and valet spaces on site
- All historic buildings retained on site
The City allows buildings as tall as 75 feet and encourages increased residential density. Buildings taller than 50 feet must meet several performance standards. Garden Street Terraces meets or exceeds all of the City's requirements.
| City Requirements | Project Specifications |
|---|---|
| Minimum residential density of 24 units per acre, with an average floor area of 1,050 square feet. | Proposed residential density is 31 units per acre, with a total of 34 units. |
| The City allows buildings as tall as 75 feet. | The multi-tiered building heights are well within the City's requirements. |
| The project must meet required California energy efficiency requirements. | As designed, the project is capable of LEED certification, up to a Silver rating. |
| No more than 33 percent of the site area at the storefront level may be used for private parking. | 148 total parking spaces provided on two basement levels on site. |
| Affordable and workforce housing. | Affordable housing units are included. |
| Pedestrian amenities. | Wide sidewalks, courtyards, plazas and a new mid-block pedestrian connection between Higuera and Marsh streets. |
| View access and preservation. | Viewing decks and terraces on the upper floors are planned. |
| Economic vitality. | Hotel, shops and neighborhood market provide transient occupancy tax and sales tax revenues. |
| Historic preservation. | Retain all historic structures on site. |
Project Goals
- Support Downtown as the civic, cultural and social center of the City.
- Contribute to the economic health of Downtown.
- Accommodate the needs of the neighborhood and residents while appealing to the visitor.
- Create an exciting, compact and visually interesting mix of uses within a landmark structure based on City policies.