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2 BEDROOM <br />1 BEDROOM + DEN <br />1 BEDROOM <br />TOTAL UNITS <br />PARKING PROVIDED: <br />ENCLOSED <br />NEW SURFACE <br />TOTALAPARTMENT <br />SHARED PARKING <br />TOTAL ON SITE <br />DENSITY: <br />SITE AREA <br />NUMBER OF UNITS <br />16 @ 1100 — 1200 SF 29% <br />24 @ 900 — 1000 SF 42% <br />16 @ 700 — 850 SF 29% <br />56 <br />73 SPACES (1.5 SPACES/UNIT) <br />40 SPACES <br />113 SPACES (2.01 SPACES/UNIT) <br />14 SPACES <br />127 SPACES (2.26 SPACES/UNIT) <br />NUMBER OF BEDROOMS <br />I_VI4ZT-,W4+9rA**1&11011&1 <br />2.55 ACRES <br />56 UNITS <br />21.9 UNITS/ACRE <br />72 BEDROOMS (2X16 +24+16) <br />28.2 BEDROOMS/ACRE <br />4 , &19 <br />By comparison the Stonebay Condos at 2670 Kelley Parkway the numbers are: <br />Site area 125,242 sf 2.87 acres <br />Number of units 57 condos (19.9 units/acre) <br />Number of bedrooms 114 bedrooms (39.7 bedrooms/acre) <br />(all units are 2 Bedroom units) <br />Average unit size 1800 sf <br />(smallest unit is 1500sf and largest is 2100 sf) <br />SUMMARY POINTS: <br />We are limited in the ability of put the garage level totally underground by existing groundwater <br />conditions. The project meets all setback requirements and height requirements. <br />1. Market Rate Rental Housing <br />There is a high demand in the area for high quality market rate rental housing. There currently <br />are no rental options in the area of this quality. A full range of available housing provides <br />Orono residents a needed option which would allow them to remain in the community when <br />looking for housing. <br />2. Density Evaluation <br />The density of this project compares favorably with the Stonebay condo project. Orono <br />Apartments density is 21.9 units/acre while the Stonebay project is19.9 units/acre. While units <br />per acre is one measure of density other factors are worth taking into account. <br />In addition to being similar in units per acre, Orono Apartments are averaging just over half the <br />physical size of the Stonebay project. Orono Apartments average 964 sf in area. Stonebay <br />units average approximately 1,800 sf <br />102 <br />