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RICE STREET DEVELOPMENT // Parking Study <br /> <br />Alliant No. 223-0050 <br />PAGE 2 <br />3. Parking Demand <br />The parking demand for the proposed development was reviewed against the requirements of the City Code, <br />the ITE Parking Generation Manual, and data collected from comparable apartments. Traffic engineering <br />resources such as the ITE Parking Generation Manual and data collected at comparable apartments indicate the <br />requirements of the City Code appear to far exceed industry standards or expected parking demand. The <br />following sections provide additional context to the anticipated parking demand for the proposed development. <br />3.1 METHOD 1 – ITE PARKING GENERATION MANUAL <br />The ITE Parking Generation Manual was utilized to estimate the anticipated parking demand for the proposed <br />apartments only, as no additional land uses are considered for the proposed development. The <br />ITE Parking Generation Manual provides a rate for peak period parking demand based on studies of similar land <br />uses. Estimated parking demand based on the ITE Parking Generation Manual is detailed in Table 1. Results of <br />the parking generation estimates indicate the average peak period parking demand is 210 vehicles or a rate of <br />1.31 vehicles per unit. The average size of the development sites studied was 261 dwelling units. Since the size <br />of the proposed development is smaller than the average development size, a range of estimated peak parking <br />demand was calculated. Considering the 95th percentile confidence interval for multifamily mid-rise housing, <br />which ranges from 1.26 to 1.36 vehicles per unit, the parking demand is estimated to be at most 218 vehicles. <br />Therefore, the estimated peak parking demand is between 202 and 218 parked vehicles. <br />Table 1. Parking Generation Estimate (ITE Parking Generation Manual) <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Multifamily Housing (Mid-Rise) (221)Dwelling Unit 160 210 Vehicles 1.31 <br />Source: Institute of Transportation Engineers (ITE) Parking Generation Manual, 5th Edition. <br />Vehicles <br />per Unit <br />Land Use <br />(ITE Code)Units Size Peak Hour <br />Parking Demand