Quote:
Originally Posted by Baronvonellis
How can they have no parking at the Division/ Ashland site? I thought there was a mandatory minimum parking requirement for buildings in Chicago? I'm not for more parking just curious how they can do that. I thought people here have been advocating to let the market decide the amount of parking in buildings, instead of a mandatory minimum.
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Technically, they do have some parking in the plans. Through a longstanding contract with the adjacent parcel (Wendy's), they have to provide a small number of parking spaces and maintain a right of way to the wendy's parcel and they get the use of an additional number of spaces in the wendy's parking lot.
The total number however is much lower than the project would normally require. They are hoping to get the parking reduction (and other considerations) by building the project as a "Planned Development".
They have not finalized any planned development agreement, so right now the project is still pretty fluid.