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If they’re legitimately planning 16’ floors and 1.19 parking spaces per unit then to me that indicates that they’ll be targeting the high-end market.
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I'm guessing instead that they are anticipating a market for commercial or accessory parking and are taking advantage of the Growth Parking provisions in 33.510.261 that allow 1.2 parking spaces per residential unit. I doubt that they will dedicate all 238 spots to the 200 residential units.