5781 Minaret -1
Mammoth Lakes, CA 93546
Minaret Parcel · Land For Sale · 3.21 ac

The Minaret Parcel is a 3.21-acre development parcel fronting on one of Mammoth’s busiest thoroughfares. This site is visible from one of the busiest corners in Mammoth Lakes and is a short walk to the “Village at Mammoth”, the most animated tourist destination in Mammoth Lakes. This opportunity is proximate to other existing developments such as Westin Monache, Village Lodging, Events Plaza, 8050 fractional ownership, the Village transportation hub, and the proposed Limelight hotel. All of the existing and proposed projects are key elements to finalizing the North Village Specific Plan, bringing a variety of animation to the specific plan.The subject property is a vacant parcel of land located near the southern edge of the North Village Specific Plan in Mammoth Lakes. The property is designated to be a mid-density lodging site, with supporting lodging uses permitted. The Minaret Property is generally level at its lower half, with an increasingly up-sloped topography at the north western portion of the parcel. The southern portion of the parcel is the most accommodating to development due to its shape and level grade. While the northern portions of the property do have an upsloping topography, these areas would likely afford views of the surrounding mountains if built to maximum height restrictions. Legal description: Por. NE ¼, NW ¼, NW ¼, Sec. 34, T3S, R27E, MDB &M. in the office of the county recorded of Mono county. The assessor parcel number for this property is 033-100-037-000. The North Village Specific Plan is situated in the northwest corridor of the Town of Mammoth Lakes (see Exhibit) and consists of 41 separate parcels, totaling approximately 64 acres. Since the Specific Plan was adopted in 1991, some consolidation of ownership has occurred, but most of the land remains under multiple ownerships. The North Village Specific Plan is located adjacent to Main Street, Lake Mary Road, and Minaret Road. The primary purpose of the North Village Specific Plan is to provide new land use guidelines and development standards for the North Village area, which will enable the development of a cohesive, pedestrian-oriented resort activity node, with supporting facilities to create a year-round focus for visitor activity in the Town of Mammoth Lakes. The North Village Specific Plan provides a mechanism for directing and focusing development in the project area and will contribute to the overall goal of positioning Mammoth Lakes as a year-round, destination resort community. The Pedestrian Core area is intended to be a mixed-use village with commercial uses on the ground level and accommodation units on upper floors. The scale of the individual ground level shops will vary. The village commercial center is designed as a clustering of individual buildings. The Minaret Parcel is zoned Specialty Lodging (SL) under the North Village Specific Plan’s most recent revision of January 2014. This designation has been provided for parcels located on the periphery of the North Village Specific Plan, which are physically separated by topography and integrated access from the Pedestrian Core Overlay area. Often these parcels are adjacent to existing residential developments zoned RMF-2 (Residential Multiple Family-2) or RSF (Residential Single Family). Although some flexibility through the use permit process may be provided, this designation promotes land uses such as lodges, bed and breakfast establishments, resort condominiums, European-style inns, employee housing, various residential uses, and public facilities. Twenty-three parcels, totaling 25.85 acres, have been designated under this category. • To provide a transition between North Village’s resort orientation and surrounding residential development. • To encourage development of employee housing and supporting residential facilities. • To lower development intensities for parcels located away from the Plaza Resort district and avoid strip commercial development patterns. Density Maximum density for parcels within the specialty lodging land use district shall be as follows: • Specialty Lodging - 48 rooms per acre. • Density bonuses for the inclusion of affordable housing shall be in accordance with the provisions of the Municipal Code. Note: For density calculation purposes, the conversions shall apply throughout North Village Specific Plan. One (1) room equals the following: • 1 hotel room. • 1 bedroom, loft, or other sleeping area in a residential use. • 450 square feet of commercial. Site Coverage Maximum site coverage, including all buildings, paved site work, or otherwise developed impervious surfaces for Specialty Lodging, is 60%. The Berner Property conceptual plan meets coverage requirements. Building Area The maximum building floor area for all developments is 75,000 square feet for the Specialty Lodging district, per acre (excluding structured parking). All developments must also conform to the site coverage and building height requirements. Please see additional details in the Offering Memorandum.