Streetsblog NYC has been doing an excellent job of hounding the city on its lack of action on parking reforms, but this article with developer Alan Bell talking about his experience with parking minimums in the city is, I think, the best so far. Here’s an excerpt:
Hudson might have built more housing were it not for parking minimums, however. Bell said in an interview that he’s walked away from a number of projects because he couldn’t make the required parking fit or evade the parking minimums by subdividing the development into small pieces. “One comes to mind on Grand Street in East Williamsburg. You couldn’t get out with the waiver because you’re building too many units.”
Without the ability to claim an exemption from parking minimums, the economics of the development didn’t add up. “If you have a modest size building, it’s really prohibitive,” said Bell. In addition to the direct costs of building structured parking, which Bell said can range from $25,000 to $50,000 per space, making room for the parking can also reduce revenues. “If you’re up against other buildings on both sides, you’re going to have to reduce your perimeter retail frontage because you need an entrance for a garage.”
Other times, said Bell, he’s able to manipulate the structure of the development to ensure that he can avoid parking minimums. In East New York, he divided one project into four different five to six story buildings. “We just played around with the unit mixes so that we could get each of them under the waiver.” Had he not been trying to avoid the parking regulations, said Bell, “theoretically, we could have built more units.” (In practice, a different set of city regulations would have prevented that at this particular site, even without the parking requirements.)
