Definition of East VillageTALUS Project Phase I Sample Clauses

Definition of East VillageTALUS Project Phase I. As described in Table 1 of Exhibit H-1, East VillageTALUS Project Phase I is presently projected to consist of 500,000 Gross Square Feet of East VillageTALUS Project commercial office space, together with 100 Low Density residential units, 500 Medium Density residential units, and 400 High Density residential units, for a total of 1,000 residential units. East VillageTALUS Project Phase I is projected to generate 453 p.m. peak-hour trips in to the East VillageTALUS Project and 695 p.m. peak- hour trips out of the East VillageTALUS Project, for a total of 1,148 p.m. peak-hour trips. These traffic generation figures have been used by the City to test East VillageTALUS Project Phase I for concurrency under its transportation concurrency system. Because of changing market conditions and other factors, the precise number of residential units in each density category, and the precise amount of commercial Gross Square Feet, actually to be developed in Phase I cannot be known at present. Accordingly, in order to afford the Master Developer reasonable flexibility in developing Phase I, the term “East Village“TALUS Project Phase I”, as used in this Appendix H, shall mean and refer to any amount of commercial office Gross Square Feet and any number of residential units developed from the outset in the East VillageTALUS Project that in total
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