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320 Sheridan Dr.

The Ravenswood City School District, in partnership with Alliant Strategic Development, has submitted an application for architectural control, use permit, below market rate housing agreement, environmental review, and state below market rate density bonus to redevelop the approximately 2.5-acre former Flood School site located at 320 Sheridan Dr. The proposed Project is located in the R-3 (Apartment) zoning district and the project site is currently vacant. The proposed Project would construct three new three-story residential apartment buildings totaling 88 below market rate (BMR) housing units, with an approximately 2,200-square-foot community center located on the ground floor of one of the buildings. Site improvements would include 120 surface parking spaces, a dog run, and a children’s play area, and other associated landscaping and tree plantings.

The proposed Project would be developed using the State Density Bonus Law, which allows for an increase in density when BMR housing units are provided. The State Density Bonus Law also allows for developers to ask for waivers from development standards to allow for the project to achieve the proposed density. The project includes requests for waivers from R-3 development standards to reduce the minimum front and rear setbacks, increase the maximum height, increase the maximum floor area ratio (FAR), increase the maximum paved area for driveways and parking, and decrease the minimum land per dwelling unit. The overall proposal includes:

Total dwelling units: 88
Total proposed gross floor area: 72,767 square feet
Proposed building height: 40 feet
Total parking spaces: 120
Open space: 40,110 square feet (including common and private open spaces)

It is anticipated that the following city actions (e.g., agreements, permits, analyses and reviews) would be required for the proposed project:

Architectural control
Use permit
Below market rate housing agreement
Heritage tree removal permits
Environmental review

Current status

The applicant submitted Senate Bill 330 preliminary and complete development applications on March 6, 2024. The city is currently conducting a review for completeness of the submitted applications.