Comment 113094

By arienc (registered) | Posted July 27, 2015 at 09:45:45 in reply to Comment 113092

Interesting points about the elevators, but I suspect that parking minimums have an even greater impact on the profitability of mid-rise infill for a developer. Not only do they have to dig below the building footprint and reinforce the entire construction to facilitate underground parking, in many cases they have to add space for ramps and secure entryways to the parking facilities. Parking can easily add 25 to 50 percent to the cost of a building, and the builder typically has no choice but to add sufficient height to recoup that cost. And with every additional floor, more parking spaces are required, to the extent that on some footprints, even 10-12 stories is a money-losing venture.

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