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Originally Posted by ChaseM
Sorry if this has already been brought up but this building also looks to include a parking podium based on the site plan. Is there some city code that requires a certain amount of parking spaces for these projects? I'm glad that part of the city is getting something in that area but parking podiums are just such an eye sore.
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There are prescribed ratios of dwelling units to parking spaces, but the city has gotten better about letting developers build less parking in areas near the light rail corridor. That's only half the battle, though. The other issue is that lenders may see reduced parking as a risky investment. I continue to believe that the best solution is unbundled parking. Instead of providing a parking space with every apartment at no charge, have a separate price for parking. That will allow for better calibration of supply and demand. And, to anticpate how this position is often misunderstood, that doesn't mean "no parking." It means the amount of parking that tenants want badly enough that they're willing to pay market rates for it.