Buckley: No. The proposed buildings are not 50 feet tall. Because of the site's length and its significant slope along Rosecrans Avenue, we have been able to utilize the slopes and contours of the site to significantly reduce overall building heights. So, that while a single measurement from the ground floor to the tip of the elevator shafts is 50 feet, the average height to roof line is closer to 38 feet. The site plan strategically sets the property back from Rosecrans and limits the height of the property fronting Rosecrans to 37 feet at its highest point.
Buckley: No. We are keenly aware of the traffic issues in the El Porto neighborhood, and that is why we demanded that any project we proposed would reduce traffic and not increase it. Our third-party traffic studies have shown that Project Verandas will generate less traffic than the existing Verandas/Tradewinds development, or any alternative developments, such as office/commercial or mixed-use retail.
“max out” the site?

Buckley: No. It is important to note that the California density bonus law was initially enacted back in 1979, and despite tens of thousands of units having been developed pursuant to this legislation throughout the state, Manhattan Beach is only now processing its first project. For a site to make sense, it needs to check a lot of boxes, not the least of which is price, and therefore, only a handful of sites in any coastal market will ever be feasible. While our project will benefit from a 35% density bonus for the inclusion of affordable units, there have been amended laws that provide for even greater density. We elected to scale back the allowable density to minimize impact and still justify the residential use when compared to alternative uses.
Buckley: A family of four with a combined income of $59,100, or an individual with an income of $41,400 or less, would qualify. Affordable housing like this improves diversity, and the quality of life for its residents by leading to better health, financial stability, and security. These units will enable school district employees, service providers, college students, retirees, and more to afford living in our community.

Buckley: To date, we have never sold a property, and intend to hold this for decades. Accordingly, we will be building the project with high-end materials and sophisticated finishes that are expected in an upscale, coastal market.
Buckley: Project Verandas will address two important demographics in our community – those who may never be in a position to purchase a home, yet qualify for one of the affordable units; and those that may be able to afford a home but prefer to rent or are saving for a down payment. As the typical home price in Manhattan Beach now exceeds $2.9 million, many young professionals who simply cannot afford to buy, need rental options to stay in the community they love.