749 West El Camino Real Mixed-Use Project

The project would demolish the existing 1,487 square foot restaurant building, 18,302 square foot bank building, and all associated surface parking and landscaping on-site to construct two new buildings on-site: 1) a two-story, 8,483 square foot bank building and 2) a six-story mixed-use building with 299 multi-family residential units (31 units of which would be reserved for very-low- income and two units for low-income households), 10,830 square feet of ground-floor commercial uses, and at-grade podium parking above two levels of underground parking. The commercial square footage would be located adjacent to El Camino Real on the northern portion of the project site. The new bank would be located on the northwest corner of the project site and a public plaza is proposed on El Camino Real between the proposed bank building and mixed-use building’s ground-floor commercial uses. The project would preserve the existing artwork pieces associated with the existing bank building and plaza and incorporate them into the new development. Implementation of the project would require the removal of existing trees, including Heritage Trees. The proposed project would plant replacement trees in conformance with City requirements. The project also includes utility and right-of-way improvements. The project would meet Tier 1 development standards per the El Camino Real Precise Plan and have a maximum structure height of 6 stories (or 75 feet) and a floor-area-ratio (FAR) of approximately 3.05 (98 dwelling units per acre [du/ac]). The project would utilize State Density Bonus Law to exceed the allowed zoning density of 2.3 FAR with a 46.25 percent density bonus, as calculated based on Mountain View’s Density Bonus Program Guidelines and Section 36.48.75 (General Provisions for Density Bonus) of the City Code. The project does not require a General Plan amendment or rezoning. The project approval included a Planned Community Permit, Development Review Permit, Provisional Use Permit, Heritage Tree Removal Permit, and a resolution for the vacation of public easements at the project site.