The applicant proposes to amend Residential-Business Planned Development (PD) No. 1541 to allow for the construction of a new 18-story, 260-foot tall high-rise building. The development will feature approximately 3,800 square feet of commercial/retail space on the ground floor with 268 residential dwelling units above. The project will provide 30 off-street parking spaces and 238 bicycle parking spaces. To achieve the proposed density, the developer is utilizing a 4.5 Floor Area Ratio (FAR) bonus, bringing the total project FAR to 11.5. The property is located in the Fulton Market Innovation District (FMID) and is subject to the city's Affordable Requirements Ordinance (ARO).