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Notwithstanding any other provision of this code, the following density limits shall apply to adaptive reuse developments in the C-3 (AR) zone:
A. Maximum FAR: The floor area ratio of the adaptive reuse development shall not exceed the floor area ratio for the existing commercial building being converted.
B. Additional Floor Area For Residential Uses: Notwithstanding the provisions of subsection A of this section, a portion of the existing above grade parking structure of an adaptive reuse development may be converted to residential uses or storage for residential use provided all of the following criteria are satisfied:
1. The units in the converted area comply with the minimum unit size requirements set forth in section 10-3-1974 of this article.
2. After the conversion, the gross habitable floor area of the building, inclusive of all common areas, does not exceed the floor area of the existing commercial building by more than fourteen percent (14%). Areas located in the parking structure and used exclusively to provide storage for residential tenants in the adaptive reuse development shall not be considered in determining the gross habitable floor area of the building.
3. After the conversion, sufficient off street parking is provided in the parking structure to satisfy the parking requirements imposed by this chapter for all uses in the adaptive reuse development.
C. Minimum Average Dwelling Unit Size: If the residential component of an adaptive reuse development is comprised solely of rental units, the average floor area of all residential units in the adaptive ruse development shall be at least eight hundred (800) square feet. If any portion of the residential component of an adaptive reuse development is comprised of condominium units, the average floor area of all residential units in the adaptive reuse development shall be at least one thousand two hundred (1,200) square feet. (Ord. 03-O-2422, eff. 3-7-2003; amd. Ord. 03-O-2434, eff. 12-6-2003)