1987-06-24 - Laserfiche WebLink

Home Browse Search

. . Minutes - Plan Commission Page 6 June 24, 1987 moved to be on a lot adjacent to a public street or an approved private street. Creation of a separate lot by Tomco and sold to the Two-O-Five Company would not meet this requirement should the Wiese bUilding be expanded or a new building be erected by Wiese or a third party. Mr. McCauley stated that once a subdivision plat was recorded at the County Recorder of Deeds depictIng a landlocked parcel, the CIty would have no recourse over a third party purchasing and buildIng on the landlocked property. Mr. Ollendorff stated that exIstIng lot. without accesl to streets had posed major problems for the City. Mr. McCauley asked Mr. Weisman if his clIents would be amenable to submitting for Plan CommIssion and CIty Council revIew a proposed plat that would include the land which Tomco, Inc. proposed to sell to the Two-O-Five Corporation as part of the Two-O-Five property without a leparate lot depIcted. In this way, the Plan Commission and CIty Council would be able to approve such a plan in accordance wIth the Zoning Code and SubdIvIsIon Ordinance. At the time of sale of the land, the record plat could be recorded with the County Recorder of Deeds. Mr. Marsh and Ms. Schuman concurred with this suggestion. After further discussion Mr. RIce moved that the request to subdIvide the property at 1435 Woodson Road known as the T.K.G. SubdIvIsion be denied. Mr. Marsh seconded the motion whIch passed by a vote of 6-0. REQUEST TO REZONE FIVE PROPERTIES ON NORTH AND SOUTH ROAD FROM "SR" TO "PD" BY MR. TOM SOMMERS Chairman McCauley asked Mr. Sommers to come forward and present his request to rezone five properties along North and South Road. Mr. Sommers stated that on May 18, 1987 he had submitted a request to rezone the properties at 501, 509, 515, 519 and 523 North and South Road. He had requested that the rezoning applicatIon be postponed untIl the Plan CommIssIon's regular June meetIng in order to complete a market study and collect economIc feasibility information on the project for the Plan ComaIssion and City Council. He stated that while there was not much market information available within University City because of the fledgling condominium market here, his telephone calls to the Realtor for the condominIums being erected at the southwest corner of Hanley Road and Pershing Avenue IndIcated presale of two unit.. He felt there was a good condomInium market in UnIversity City and he hoped to develop condominiums similar to those on Hanley Road and Pershing Avenue. He stated that his market study information primarily reflects the market in Clayton. He stated that the KingSbury Place condominium. and new units being erected on North Brentwood Boulevard were selling quickly with sale prices between $125 and $135 per square foot. He presented Plan CommissIon members with a study by Mr. Henry Miller, an architect who had conducted a study of the Clayton condomInIum market for course work at Washington UniversIty. Mr. Sommers felt that hIs location on North and South Road was better suited than many Clayton locations for condominium development; he requested that Plan Commission members recommend rezonin~ of these parcels into the "PD"-Planned Development District. Mr. Marsh asked if Mr. Sommers or his project team had conducted an KAI Economic Feasibility Analysis or had an independent appraisal done for the proposed project. Mr. Marsh also asked if Mr. Sommers had any prior experience in condominium development. Mr. Sommers stated that he had no direct experience in condominium development, but that his architect, Mr. John Cohen, had the necelsary experience.