Office and Retail Components Sample Clauses

Office and Retail Components. The Project will include a minimum of 100,000 square feet, combined, of office and retail space (the “Minimum Combined Commercial Component”), consisting of not less than 35,000 square feet of office space (the “Minimum Office Component”) and 25,000 square feet of retail space (the “Minimum Retail Component”). Developer may convert up to 40,000 square feet of the Minimum Combined Commercial Component to residential use in response to market conditions, provided the Project still includes the Minimum Office Component and the Minimum Retail Component. The Minimum Retail Component shall reflect a mix of uses that is responsive to community demand and additive to the retail base in the City of Lakewood. In the event that Developer exercises its right to convert any square feet of the Minimum Combined Commercial Component under this Section 1.1, any decrease in the Minimum Combined Commercial Component as a result of such conversion shall
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