Postby twincitizen » July 1st, 2014, 3:12 pm
It has "900+ stalls" according to the document. Documents for "The Rampton" proposal also quote 900 stalls.
At 250-300 units, and ~1.25 spaces/unit (as is typical for the area) that's 300-350 spaces reserved for the residential component. That's still a lot of spaces leftover for the restaurant component, general public use, St. Anthony Main / Riverplace, etc. etc. This isn't the only public parking structure in the area either. And something tells me there would be room for some parking in the pedestal of this new building anyways...I highly doubt it will be built with ZERO parking, just very little.
I'm fairly confident this is being proposed instead of the Rampton proposal. When the City sold off those 6-8 parking ramps several years ago, many of them carried a development obligation. See the apartment building that replaced Grandma's on the West Bank and Alatus' under-construction Latitude 45 building. The Rampton was being proposed in that vein. If it were not feasible, they could instead propose a nearby development of at least $10MM value. It appears they are doing just that. Of course, if the buyer of the St. Anthony ramp was not Alatus, but someone else entirely, feel free to disregard everything I just typed. I agree with you Matt, that Rampton would only complement this proposed building, but I have a sneaking suspicion Rampton is not moving forward at this time.