Letting go of the private car | OpenFile: "Taking away private parking from the development was a measure to keep costs down and attract the local, community-minded demographic developers aimed to attract.
By mid-November, all 96 units available at market rates had sold. The 12 remaining units will be sold at below-market rates, the sale of which will be managed by Habitat for Humanity and Portland Hotel Society Community Services.
“Each parking stall costs approximately $50,000,” architect Gregory Henriquez says. Paring down parking to 15 stalls was a considerable savings. But selling parking spots was more difficult than attracting condo buyers.
“We sold all the units without the parking stalls, and then sold the parking separately afterwards. One hundred and eight people didn’t buy a parking stall. I don’t think we could sell them all,” he says. “It shows you how we overbuild parking in our city.”"
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