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Parking Requirements <br />Lakewood Apartment, page 5 <br />Per Chapter 3.5 of the guidelines, the City is maintaining a shared parking analysis for the entire development. <br />This analysis identifies peak parking demands at key times throughout the day. In the case of apartments the <br />peak period is 10 PM on both weekdays and weekends. The peak periods for retail uses are identified as 1 PM <br />on weekends. The peak period for the combined uses is 8 PM on both weekdays and weekends. <br />Lakewood <br />Apartments <br />1 <br />Peak Hour Demand <br />Factor <br />Parking Required <br />Parking Provided <br />Surplus <br />Retail <br />4 spaces per <br />1,000 s.f. <br />13,140 s.f. <br />53 <br />113 <br />196 <br />(surface & underground) <br />83 <br />Residential <br />2 per unit <br />120 units <br />60 <br />Per Chapter 3.5 of the guidelines, the City is maintaining a shared parking analysis for the entire development. <br />This analysis identifies peak parking demands at key times throughout the day. In the case of apartments the <br />peak period is 10 PM on both weekdays and weekends. The peak periods for retail uses are identified as 1 PM <br />on weekends. The peak period for the combined uses is 8 PM on both weekdays and weekends. <br />Lakewood <br />Apartments <br />1 <br />Use <br />Parking Peak <br />Parking <br />Provided <br />Surplus <br />Retail <br />53 <br />(1 PM <br />Weekends) <br />148 <br />(8 PM <br />Weekdays and <br />Weekends) <br />196 <br />(surface & underground) <br />48 <br />Residential <br />57 <br />(10 PM <br />Weekdays and <br />Weekends) <br />The proposed use is clearly being provided enough parking within the parking lot layout and underground <br />parking that the applicant has proposed with this application. <br />Entire Block <br />Single Use Peak <br />Hour Demand <br />Parking Peak <br />(1 PM Weekdays) <br />Parking <br />Provided <br />Surplus <br />Varies <br />200 <br />237 <br />(surface, underground, <br />and on- street) <br />37 <br />There are approximately 41 on- street parking spaces that can be dedicated to this block within the development, <br />this number might be adjusted slightly as the construction of the city improvements are not complete, however, <br />it is clear that this block is currently meeting parking standards. The shared parking spreadsheet is based on the <br />Urban Land Institute's Shared Parking Standards and as is required by the Development and Design Guidelines. <br />As always, staff will continue to review each project to maintain the parking standards within this block as well <br />as the entire development. <br />Staff has included a condition requiring that the developer work with staff to identify an appropriate location for <br />bicycle parking facilities on this block. <br />• <br />