Downtown housing on the parking lots? It is quite simple:
You are trying to put a size 12 foot into a size 8 shoe.
Math exam:
There are 550 parking spaces now, that must be replaced.
You are adding 350 apartments AND Each apartment needs 1.5 parking spaces.
Total parking spaces needed for housing project on completion = 550+350+175 =1,075
NOW: How many parking spaces are the 7 developers proposing?
Between "none" and 700!
That means ( at best ) we end up with 375 parking spaces LESS than we need!
( 1,075 minus 700 = 375 )
Answer: All 7 developers have NOT satisfied the citys demand that adequate parking will be provided (replaced ).
Downtown parking lots just wont work mathematically for housing.
Please Find a better location for state mandated housing.
Thank you
Michael DeMoss
Commercial Real Estate Attorney
Menlo Park Resident
Sent from my iPhone
