Fonte dell’immagine：https://therealdeal.com/la/2024/05/02/la-developers-weigh-parking-in-making-decisions-to-build-under-ed1/
According to a recent article on The Real Deal, Los Angeles developers are considering the importance of parking when making decisions to build under the city’s Enhanced Density 1 (ED1) initiative. This initiative allows developers to build taller and denser projects in exchange for providing affordable housing and other public benefits.
The article highlights the challenges developers face in balancing the need for parking with the requirements of the ED1 program. While some developers are opting to include parking in their projects to attract tenants and buyers, others are choosing to forgo parking in order to maximize their building’s size and profit potential.
Experts in the industry are divided on the issue, with some arguing that parking is still a necessary amenity in Los Angeles, while others believe that the city’s reliance on cars is gradually decreasing, making the need for parking less critical.
Developers are urged to carefully consider all factors before deciding whether or not to include parking in their projects under the ED1 initiative, as this decision can greatly impact the success and feasibility of their developments.
