Tag Archives: minimums

Top-tier Garage Spaces a Hot Commodity in New York City

In an era of tightening parking maximums for development and great calls for transit-oriented development and walkable cities, private parking has gone upscale in New York City and developers and real estate agents say it’s in hot demand at record-high prices.

The New York Times this weekend ran a story about upscale parking in New York apartment and condo buildings.

“With their herringbone-pattern ceilings, app-based vehicle-retrieval systems and furnished waiting rooms, garages currently being constructed in residential developments seem designed to take the lowly parking spot to new heights,” the article says.

“Even more significant may be the fact that the facilities are often private, aimed at those who can fork over hundreds of thousands of dollars for parking rights. No day-trippers in search of space by the hour need apply.”

Real estate agents quoted in the story say on-site parking is a wanted amenity among upscale buyers and that spaces, some of which are priced as high as $800,000, are marketable features that help new developments stand out.

“Efforts to discourage driving by making it tougher to park may not have had the desired effect. Indeed, cars are on the rise, or at least holding their own,” the story says. Read it here.




Houston Ponders the Future of Transportation

Parking minimums have been a thing in cities for a long time, ensuring people have had somewhere to put their cars when they go downtown. But with the advent of more efficient transit systems, transportation network companies (TNCs), and alternative transportation modes that include bikes and scooters and feet, along with an increased number of mixed-use developments taking the place of single-use buildings with their own lots and garages, municipalities are starting to consider dropping minimum required parking numbers.

Houston, Texas, is one of those cities, and there’s a lot of thinking and talking going on there about what the future of transportation looks like, along with the best ways to start building it now. Using studies and forecasts and common sense, city leaders are working with residents to build an infrastructure that makes sense, without huge overages or shortages, and gets everyone around efficiently.

It’s a fascinating case study about transportation, parking, and mobility. Read about it here.