The site is located in an R7A zoning district with a C2-5 commercial overlay, which has a floor area ratio
that allows a maximum of four times the lot size.
Easier restrictions on floor area ratio
will help promote building rehabilitation,'' a Mitsubishi Estate official said.
There are some constraints like land prices, anomalies in Floor Area Ratio
(FAR) in smaller cities, archaic laws etc that hinder the growth," he said.
A 20% markup in floor area ratio
will be provided to green buildings or buildings featuring anti-earthquake function, the adoption of green materials, barrier-free environment, or energy- or water-conservation.
On an average lot in Burbank, the change in the floor area ratio
means a difference of as much as 600 feet of livable space between the old standard and the new, said Senior Planner Michael Forbes.
is sponsoring SB 435 to provide the direct economic incentives that builders need, such as increasing the floor area ratio
or height of the development, to accommodate additional housing.
In a DDA board meeting on Friday, the layout plan for expansion of the temple was approved but subject to the condition of furnishing an undertaking that the ground coverage will not exceed beyond the sanctioned Floor Area Ratio
Projects that are required to build these "Inclusionary Units" can receive up to a 20% increase in Floor Area Ratio
The building is located on a 7,000-square-foot lot with a maximum floor area ratio
of 41,952 square feet, according to PropertyShark.