Zoning and Incentives
Zoning regulations for Overlake Village reward urban density, innovation, and sustainability. The zoning code allows multi-story mixed-use developments with an incentive program that allows applicants to reach up to 12 stories. Here is a summary table:
|
Base Height
|
4 stories
|
5 stories
|
|
Maximum Height
|
8-10 stories (site dependent)
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8-12 stories (site dependent)
|
|
Base FAR*
|
0.36
|
2.5
|
|
Maximum FAR*
|
0.55
|
4.0
|
* Residential and commercial FAR are calculated separately but may be added together
There are two tiers in the incentive program. Priority items include:
- Dedication of 2.5 acres for public park (Group Health site only), or
- Dedication of 2-4 acres for regional stormwater facility (2-3 specific properties), or
- Plaza space equal to minimum of 5% of gross site area or equivalent fee-in-lieu (all other properties)
Other items include:
- LEED Silver or Built Green 3 Star Certification
- 75% floor area as residential use (50% in certain retail-oriented areas)
- 60% of parking below grade (or in a combination of below- and above-grade wrapped)
- 20% affordable housing
- Full-service hotel and conference center (Group Health site only)
- Develop Transit Oriented Development with minimum 1000 residential units (Group Health site only)
Bonuses for providing the above items include:
- Height
- FAR
- General Business Park uses permitted
More information in the Redmond Zoning Code