I noticed the parking ratios are really low for this building - 73 spaces for 97,000 sq ft.
That's lower than most other new developments I've seen in Downtown/Uptown.
By comparison, Perimeter's development at 345 King (Downtown) has 120 spaces for 120K sq ft plus a number of surface spots.
At least if you're an office tenant Uptown or Downtown, you can supplement on-site parking with parking around the core areas (at various surface lots/garages).
At King and Allen, there is no other parking around.
I wonder if the developer thinks that office tenants might be able to use surplus day parking in the condo buildings surrounding this site - but if that were the case, you'd think SunLife would take them - SunLife has a major scarcity of parking (I heard they bus people in from a couple off-site surface lots).
Over time, I think that office tenants will require less and less parking, but I don't think these requirements will change significantly in the next 5 years.
That's lower than most other new developments I've seen in Downtown/Uptown.
By comparison, Perimeter's development at 345 King (Downtown) has 120 spaces for 120K sq ft plus a number of surface spots.
At least if you're an office tenant Uptown or Downtown, you can supplement on-site parking with parking around the core areas (at various surface lots/garages).
At King and Allen, there is no other parking around.
I wonder if the developer thinks that office tenants might be able to use surplus day parking in the condo buildings surrounding this site - but if that were the case, you'd think SunLife would take them - SunLife has a major scarcity of parking (I heard they bus people in from a couple off-site surface lots).
Over time, I think that office tenants will require less and less parking, but I don't think these requirements will change significantly in the next 5 years.