SERITAGE – NEIGHBORHOOD DEVELOPMENT PERMIT UCPG …

Seritage Growth Properties500 Fifth Avenue, Suite 1530 | New York, NY 10110

212-355-7800 | www.seritage.com

SERITAGE – NEIGHBORHOOD DEVELOPMENT PERMITUCPG MEETING July 13, 2021THE COLLECTION AT UNIVERSITY TOWN CENTER| LA JOLLA, CA

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UTC Phase II

RFP Overview

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Today’s Action Before UCPG:

Neighborhood Development Permit (Process 2) to allow office uses in specific tenant spaces located in existing building at UTC Mall.

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Current Condition Language:

Project Information

Development Intensity

Square Footage

Traffic

No increaseProposal would allow for up to 109,000 square feet of office as a permitted uses in an existing building

No IncreaseBuilding exists today

No IncreaseRetail uses generate more traffic than office uses

Parking: No ChangeRetail uses require more parking than office usesParking will continued to be shared with remainder of mall as currently allocated

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We urge you to recommend approval of the NDP