Pennsylvania-based developer Toll Brothers is planning a mixed-use complex near the OC Streetcar, according to an agenda item from this week's meeting of the Santa Ana Planning Commission.
The proposed development, called 4th + Main, would rise from two sites located at 114 and 117 E. 5th Street, replacing the mostly-vacant First American Title Company Building and a surface parking lot. Plans call for the construction of five- and seven-story buildings, containing a combined total of 220 residential units, 12,350 square feet of street-fronting commercial space, and parking for 332 vehicles.
The larger building - slated for a full block bounded by 4th, 5th, Main, and Bush Streets - would feature 196 residential units, 12,350 square feet of retail space, and 309 parking stalls. Designed by MVE + Partners, the mid-rise structure would pay homage to the former Montgomery Ward Building at 4th and Main Streets, and include amenities such as a large courtyard an pool, a public plaza, and a rooftop amenity deck.
The smaller building, also designed by MVE + Partners, would be purely residential - featuring 24 apartments and 23 parking spaces. Renderings show a similar design to its larger neighbor across the street, with an exterior finishes including brick.
Architectural plans show that the project will offer a mix of studio, one-, and two-bedroom apartments, ranging from as small as 570 square feet to as large as 1,250 square feet. Toll Brothers has agreed to dedicate 11 apartments - five percent of the total project - as very low-income affordable housing for a period of at least 55 years.
A staff report to the Planning commission sites an economic impact analysis conducted for the project which estimates that the 4th + Main development is expected to generate $12.8 million in new general fund revenues for the City of Santa Ana over a 25-year period and generate 892 jobs - 68 of which would be permanent.
The staff report recommends that the project should be approved.
The 4th + Main site is located one block west from a future stop on the OC Streetcar, which is anticipated to begin service in 2022.