Development Watch: 159 Myrtle Avenue
Soon it will be foundation time at 159 Myrtle Avenue, the massive rental project being brought to you by Avalon Bay. (That’s BFC’s 150 Myrtle in the background.) We heard from a well-placed source that once the ball gets rolling, the building will be going up at a pace of two stories a week! Since…
Soon it will be foundation time at 159 Myrtle Avenue, the massive rental project being brought to you by Avalon Bay. (That’s BFC’s 150 Myrtle in the background.) We heard from a well-placed source that once the ball gets rolling, the building will be going up at a pace of two stories a week! Since the building will ultimately have 42 stories, that means the 650-unit project could top out sometime in the early fall.
Myrtle Building Boom from Above [Brownstoner] GMAP
So That’s What Avalon Myrtle Will Look Like! [Brownstoner]
4:30: It’s simple economics, supply and demand. Donald Shoup at UCLA is the primary person in this field; see his book, _The High Cost of Free Parking_.
Also look up “induced demand” on Wikipedia.
It’s too bad this building will be so ugly. Lots of squandered architectural opportunities around there.
Hi 4:30, I’m 4:18….I don’t know whether or not there is a specific study. However, in my case, my wife and I do have a car and we have a parking space at University Towers. When we decided to move, we picked ORO over Forte, Rockwell Place and the Atlantic specifically because ORO will have parking and the others do not.
3:55 and 4:23, is this folk wisdom or can you cite a study that found this to be the case?
4:18: Yes, it definitely encourages people to have cars.
First, consider people who already live in this building without cars. They may be considering whether to get a car. If their building has parking, they’re much more likely to do so, rather than being repelled by the difficulty of parking.
Second, even if you’re right that it only encourages people who have cars to move in, they’ve got to move from somewhere. Wherever they move from will suddenly have one fewer car trying to park there, and parking will get easier for everyone else. When parking gets easier for others, their former neighbors will be more likely to get cars.
The total number of cars in the city is quite closely constrained by the total amount of available parking. Increasing available parking directly increases the number of people with cars.
Well, 3:55, to be more specific, building parking encourages people WITH cars to move into the building (vis a vis another building without parking)…it does not encourage people to “HAVE” cars…
Please call Philip Henn
Building parking encourages people to have cars at all. If this building didn’t have parking, many fewer tenants would have cars; that would be better for everyone.
Anything that keeps the cars off the street.