Quote:
Originally Posted by J pold
I’m not a fan. From a commercial development perspective parking is a massive issue that he city constantly fights developers on. I work mostly in the suburban market (i.e. anything outside of the downtown) and parking is always a hot button issue for suburban tenants. Most new developments (Quarry Park, Blackfoot Point) have a parking ratio of 3 stalls per every 1,000 feet leased but the city is fighting them hard on all new develop permits to lower the ratio, or if they want to keep that ratio they have to put the stalls underground, which is a huge cost to developers. If you work outside of the downtown you almost need a parking spot at work, the public transit infrastructure simply isn’t there to move employees around.
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But this is a residential development in the East Village. Which should have every amenity a resident could want within easy walking distance. Plus factor in Car2Go and the CPA parkade that will be built south of 9th avenue in the East Village and I think this will work out just fine.
Ultimately the market will decide if it works or not.