23.48.221

A. Calculation outside of an adopted Local Infrastructure Project Area 1. Means to achieve extra residential floor area. If the maximum height limit for residential use is greater than 85 feet and the lot is located in the South Lake Union Regional Center, the applicant shall: a. Achieve 60 percent of the extra residential floor area on the lot by using bonus residential floor area for affordable housing pursuant to Section 23.58A.014 ; and b. Achieve 40 percent of the extra residential floor area by using open space TDP or Landmark TDP pursuant to subsection 23.48.221.A and Section 23.58A.042 . 2. Means to achieve extra nonresidential floor area. If the maximum height limit for nonresidential use is greater than 85 feet and the lot is located in the South Lake Union Regional Center, the applicant shall: a. Achieve 75 percent of the extra nonresidential floor area on the lot by using bonus non-residential floor area for affordable housing and child care pursuant to Section 23.58A.024 , or housing TDR pursuant to subsection 23.48.221.B and Section 23.58A.042 , or both. b. Achieve 25 percent of the extra nonresidential floor area by using open space TDR pursuant to Chapter 23.84A or Landmark TDR pursuant to this subsection 23.48.221.A and Section 23.58A.042 . B. Standards for TDP and TDR 1. All lots in the South Lake Union Regional Center that meet the definition of a TDP or TDR site in Chapter 23.84A are eligible for transfer. 2. Receiving sites in the South Lake Union Regional Center may only receive TDP or TDR from sending sites in the South Lake Union Regional Center except that receiving sites in the South Lake Union Regional Center may receive Landmark or open space TDP or TDR from sending sites in Downtown or South Downtown if the applicant demonstrates to the satisfaction of the Director that no private or public entities are offering such TDP or TDR for sale in the South Lake Union Regional Center, at a price per square foot no greater than the fee-in-lieu rates for the payment option for affordable housing under Section 23.58A.014 for TDP and the payment option for affordable housing and child care under Section 23.58A.024 for TDR. 3. A cumulative combination of TDR and TDP exceeding a total of five times the lot area may not be transferred from any lot. C. Minimum requirement. The applicant shall make a commitment that the proposed development will meet the green building standard and shall demonstrate compliance with that commitment, all in accordance with Chapter 23.58D . (Ord. 127375 , § 51, 2025; Ord. 125163 , § 9, 2016; Ord. 124883 , § 13, 2015.)