July 25, 2016
Automated Parking Permanently Changes Residential Development
The most common challenge today for apartment and condo development projects is how to handle parking. As land becomes more expensive and lots for construction become more oddly shaped and space constrained, parking is often the difference between a project that pencils out and one that does not.
At CityLift Parking, we work every day with developers trying to solve this problem. Here are the some common issues and how we can help:
“I can’t get enough parking for the number of units I need.”
The CityLift Puzzle Lift system increases the density of parking by 50% or more by taking advantage of the vertical space that’s lost with conventional parking. Unlike parking only on grade, we can store cars from two to five levels above grade, and one level below–so we can achieve the parking space count you need. We also find ways to increase parking so that more residential units can be built on a space constrained site, helping a developer get the returns needed to get their project over the finish line.
“Parking is taking up too much space in my building.”
Regardless of whether your city requires a parking minimum or a parking maximum, parking is probably the lowest value use of land for your residential development. CityLift’s Puzzle Lifts removes the space needed for ramps and concrete floors. This freed-up space can be reallocated for additional floors, ground floor retail, storage, recreation, or outdoor space. The possibilities are endless.
“The cost of below-ground conventional parking is prohibitive.”
CityLift Puzzle Lifts reduce the depth needed for excavation and in some cases eliminates it completely. All-in cost savings of 40%+ are common.
“I need to value engineer my project.”
Conventional parking above grade costs start at $20K per space and goes up from there. A CityLift Puzzle Lift space costs between $11K and $14K and eliminates the additional steel, concrete, elevator depths, ventilation, doors, and stairwells that come from conventional parking structures.
Bottom line, CityLift’s Puzzle Lifts eliminate space and lower the cost per space for parking. There is no need to build a 100% conventional parking garage for a residential development ever again.
Do any of these challenges sound like your project? If so call or email us and see how CityLift Parking can help.Next Post