Project components on the Hotel Parcel at 1133 Ocean Avenue consist of: the rehabilitation and ongoing hotel use of the historic Palisades Building (a City-designated Landmark); the preservation and protection of the Moreton Bay Fig Tree (a City-designated Landmark); the removal of the existing surface parking lots; the demolition of all non-landmarked buildings; the construction of two new buildings; the expansion of pub!!c and guest open space areas on the ground level and In building terraces and rooftops; and the construction of a subterranean parking garage. Proposed uses on the Hotel Parcel would include312 hotel guest rooms (including meeting and banquet space, spa/fitness, and food end beverage space), 60 residential condominiums, and ground floor pedestrian--oriented retail uses. A total of approximately 502,157 sf (239,873 net new sf) would result with a 2.6 FAR. The building heights on the Hotel Parcel would range from 78 feet to a maximum of 130 feet. The Second Street Parcel development at 1127 2nd St would Include a 100% affordable housing building with a maximum of 48 deed restricted affordable units. The development would comply with the Downtown Community Plan standards and would have a maximum FAR of2.75 (41,250 sf of floor area) and a maximum height of six stories and 60 feet.