PA-2023-012 Bespoke – Residential Schedule of Performance Applicant Proposed Project Schedule September 3, 2024
Action/Obligation Responsible
Parties
Timeline for Performance Target
Completion
Buffer with Written
Justification and City
Approval
0.5. Mass Excavation and
Shoring Permit Submission
Commercial
Developer and
Residential
Developer
Within 18 months of the
Entitlement Date
Apr. 2026 Up to 3 months
1. Master Building Permit
Submission (including
foundation, residential
superstructure, and commercial
superstructure permits)
Commercial
Developer and
Residential
Developer
Within 6 months of Mass
Excavation and Shoring
Permit Submission
Oct. 2026 Up to 3 months
2. Issuance of Building Permit
(commercial and parking garage)
and building permit ready-for-
issuance letter (residential). City
commits to expeditious review of
permit submittals. Applicant
commits to timely and complete
resubmittals.
City Within 18 months from the
Master Building Permit
Submission
Apr. 2028 . Additional time/turns
required beyond five
rounds of submissions
shall result in additional
time
3. Commercial Developer to
commence construction of the
Underground Parking Garage
Commercial
Developer
Within 6 months from
Issuance of Building Permit
Oct. 2028
Action/Obligation Responsible
Parties
Timeline for Performance Target
Completion
Buffer with Written
Justification and City
Approval
(commercial and parking
garage)
4. Underground Parking Garage
completion and residential pad
turnover
Commercial
Developer
Within 12 months of
Underground Garage
construction
commencement
Oct. 2029 Up to 3 months
5. Residential submits for tax
credits (Typically Feb.
Residential
Developer
The first Feb after 3
months prior to podium
completion.
Feb. . 2030 Up to 3 funding cycles
for HCD funding.
6. Residential Developer shall
secure necessary financing for
the Residential Development.
Residential
Developer
Within 12 months of
Podium Completion
Dec. . 2030 Up to 3 funding cycles.
7. City shall record the
Residential Ground Lease,
Regulatory Agreement and Deed
of Trust.
City Concurrently with the close
of construction financing
for Residential.
8. Residential Developer shall
obtain permits and commence
construction of the Residential
Improvements.
Residential
Developer
Within 30 days from the
close of Escrow of the
Residential Development
Financing.
Dec. . 2030
Action/Obligation Responsible
Parties
Timeline for Performance Target
Completion
Buffer with Written
Justification and City
Approval
9. Residential Developer shall
provide Tenant Selection and
Marketing Plan for City review.
Residential
Developer
Within 6 months from the
close of Escrow for the
Residential Development
Financing.
Jun.. 2031
11. Residential Developer
obtains Final Building Inspection
for superstructure
Residential
Developer
Within 24 months following
the commencement of
construction.
Dec. . 2032 Up to 9 months