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Some baseline redevelopment capacity for high density housing was also <br />identified on Commercial designated land. City staff and the TRG <br />developed a tool to estimate redevelopment potential on commercial <br />lands in Eugene based on factors such as land price and rent. This tool <br />produced an estimate of redevelopment for high density housing that is <br />reasonably likely to occur in two Commercial areas without interventions <br />from the City; 21 dwellings downtown and 235 in the Franklin Boulevard <br />area (near the University of Oregon).66 <br />Estimate of Baseline Redevelopment Capacity <br />As shown in Table 65, the City's analysis found the following baseline <br />capacity through residential redevelopment in Eugene: LDR land has <br />capacity to accommodate 795 dwelling units through redevelopment, <br />MDR has capacity to accommodate 220 dwelling units through <br />redevelopment, and HDR and Commercial lands combined have capacity <br />to accommodate 496 high density dwelling units through redevelopment. <br />Table 65. Estimated housing capacity through baseline redevelopment on <br />residential land, Eugene, 2012 to 2032 <br />Estimated New <br />Dwelling Units <br />Low density residential- new lots baseline 627 <br />Low density residential- SDU baseline 168 <br />Medium Density Residential 220 <br />High Density Residential 240 <br />Commercial (HDR dwellings in Com) 256 <br />66 The redevelopment estimating tool uses a market-based approach to estimate redevelopment <br />potential by examining different "prototype' projects - including office, retail, rental housing, and <br />mixed use buildings- for market viability on every tax lot, city-wide, located within commercial <br />land use designations. See the Technical Support Documentation for residential lands for more <br />information. <br />Page 146 ECONorthwest Part 11 — Eugene Housing Needs Analysis <br />