In California, when it rains, it pours. At least, that seems to be the case when it comes to the flood of parking reforms taking place across the state. The most recent example comes from San Diego, where this week, the city council passed a new parking reform package that eliminated parking requirements for sites located within 1/2-mile of […]
(REAL ESTATE WEEKLY) – As alternative forms of transportation like ride-sharing and autonomous vehicles gather steam, experts say adjacent industries like commercial and residential parking are safe, at least for now. According to Andrea Cross, Americas head of office research for CBRE, even in the face of technology and market disruptors like Uber and Lyft, […]
WALNUT CREEK — Although a new, private parking garage at the Walnut Creek BART station isn’t slated to open until early 2019, don’t count on getting a spot at the often-crowded station — the monthly spaces are already sold out. […] After the garage opens some time in early 2019 — representatives did not cite […]
(SPECTRUM LOCAL) Rochester city council will consider a plan promoted by Mayor Lovely Warren to sell three of Rochester’s eight downtown parking ramps to downtown developers. The proposal would produce $10.5 million in cash for the city. The administration says the city would also benefit by returning the ramps to the tax rolls and relieve […]
(COSTAR) Rising demand for commercial real estate and a scarce supply of available land is driving surface parking lots in downtown Denver to sell at record prices as developers seek projects that won’t be restricted by existing buildings. In some cases, investors eager to develop ground-up apartments to capture growing interest from renters are paying […]
(THE GAZETTE) Traffic is choking the city, and despite decades of working on it, transit is still a time-consuming maze of buses, light rail, shuttles and trails. If you have a meeting, leave early. We can only hope moving people efficiently catches up faster than parking spots disappear. There’s a lot riding on it. Click […]
(TECHCRUNCH) Some people have postulated that autonomous ridesharing cars will never need to park and cities of the future will not need street parking, parking lots or parking garages. But parking is far from dead. In fact, the $100 billion market may be poised to grow. We’ve heard from parking startup founders that many Silicon Valley investors have rejected parking […]
(STAR TRIBUNE) Another large mixed-use development could soon take the place of another surface parking lot in downtown Minneapolis. Sherman Associates intends to redevelop the parking lot that takes up most of the block near the Crooked Pint Ale House on Washington Avenue between 5th and Portland avenues. The firm wants to build a 22-story […]
(PHILLY.COM) A co-owner of the massive parking lot at Eight and Market streets in Center City has a deal to buy an adjacent parcel from the city’s parking authority, with possible plans for a hotel, offices, and shopping at the consolidated property. The Philadelphia Parking Authority voted Tuesday to sell the 30,100-square-foot lot on the northwest corner […]
Hong Kong (CNN) — Next time you’re griping about having to feed coins into a parking meter, spare a thought for drivers in Hong Kong, where a single parking space has just sold for $760,000. The 16.4 by 8.2 feet (5 by 2.5 meter) spot, attached to a fancy downtown apartment block, sold Tuesday for the local […]
