Poor performance when Player Collision view mode active in City Sample

The Editor become unresponsive and then has very low frame rates after activating the Player Collision view mode in the Small_City_LVL and Large_City_LVL maps in the CitySample project.

The current workaround draw collision shapes within a particular radius using:
p.Chaos.DebugDraw.Enabled 1
p.Chaos.Solver.DebugDrawShapes 1
p.Chaos.DebugDraw.Radius <radius>

1. Load the Small_City_LVL or Large Large_City_LVL sample maps
2. Disable Nanite meshes using Viewport > Show > Nanite > Meshes to workaround issue where Nanite meshes still draw when when Player Collision view mode is active.
3. Enter Player Collision view mode by changing from Viewport > Lit to Viewport > Player Collision

Expected:
Editor performance remains as good or better than it was in regular view mode

Actual:
Editor frametimes sit around 2000+ms