Hybrid Parking Garages Blog Posts

Summer 2015 Construction Economics - Gilbane - Cost of Parking

Posted by William Wieners on Thu, Sep 10, 2015 @ 17:09 PM

Hybrid Parking Design and ConstructionHybrid Parking Design and Construction 

Gilbane 2015 Construction Economics

 Gilbane has published their latest look forward for 2015 Construction Economics

LINK FOR DOWNLOADABLE PDF BELOW:

http://info.gilbaneco.com/gilbane-summer-2015-construction-economics-report

Whether you are interested in the trends effecting the cost of parking or the overall trends effecting the construction industry as a whole, we recommend you taking a few minutes to read what other industry observers are saying about the future of construction.

We believe in the mutual benefit we all achieve from sharing informative publications with our readers (that can be obtained from reputable sources) to help all of us interested in the construction industry be best prepared to service our clients and markets in 2015 and beyond!

Wells Fargo Economic Indicators

McGraw Hill Construction Data & Analytics  

 

US PARKING COST ESTIMATES:

Transportation Cost and Benefit Analysis II – Parking Costs (Victoria Transport Policy Institute)

US PARKING COST ESTIMATES:

PARKING COSTS, PRICING AND REVENUE CALCULATOR - Jan 2012 (by Todd Litman - Director @ the Victoria Transport Policy Institute, Victoria, BC Canadahttp://www.vtpi.org 

Cost of Parking  

How much does parking cost and what should you consider?

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PARKING GARAGE DESIGN GUIDE:

Whole Building Design Guide – Parking Garages (National Institute of Building Sciences)

http://www.wbdg.org/design/parking.php

 

Parkhaus   Car Park web resized 600

 

THE COST OF URBAN PARKING:

http://www.rideboldly.org/2011/01/21/the-cost-of-urban-parking/

 

True Cost of Parking

 

THE HIDDEN COSTS OF PARKING:

http://www.cat-bus.com/2010/08/hidden-costs-of-parking/


Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

Topics: parking garages, hybrid parking garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, Parking for adaptive reuse, Construction Economics, Gilbane Edge, parking garage design, design build, parking garage design build, steel and precast, Parking Construction, Affordable Parking, Temporary & Movable Parking, Urban Parking Concepts, ReloPark, robotic parking, automated parking

Spring 2014 Construction Economics - Gilbane Edge - Cost of Parking

Posted by William Wieners on Sun, May 18, 2014 @ 16:05 PM

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Gilbane Edge has published their latest look forward for 2014 Construction Economics

Gilbane Edge 2014 Construction Economics

Spring 2014 edition of Construction Economics - Market Conditions in Construction

http://info.gilbaneco.com/spring-2014-gilbane-building-construction-economics-report---market-conditions-in-construction

Whether you are interested in the trends effecting the cost of parking garage construction or the overall trends effecting the construction industry as a whole, we recommend you taking a few minutes to read what other industry observers are saying about the future of construction.

We believe in the mutual benefit we all achieve from sharing informative publications with our readers (that can be obtained from reputable sources) to help all of us interested in the construction industry be best prepared to service our clients and markets in 2014 and beyond!

How Much does a Parking Garage Cost to Build?

Wells Fargo Economic Indicators

McGraw Hill Construction

Dodge Momentum Index Leading Indicator

Parking Costs, Pricing and Revenue Calculator - Jan 2012 (by Todd Litman - Director @ the Victoria Transport Policy Institute, Victoria, BC Canada - http://www.vtpi.org

 

Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

 

Topics: parking garages, hybrid parking garages, parking, garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, Parking for adaptive reuse, Construction Economics, Gilbane Edge, parking garage design, design build, parking garage design build, steel and precast, steel garage, hospital parking, hospital garages, hospital development cost, robotic valet

Spring 2013 Construction Economics - Gilbane Edge - Cost of Parking

Posted by William Wieners on Thu, Apr 4, 2013 @ 05:04 AM

Affordable & Efficient Hybrid Parking

Affordable and Efficient Parking from Hybrid Parking

Gilbane Edge has published their latest look forward for 2013 Construction Economics.

Gilbane Edge 2013 Spring Economics resized 600

Spring 2013 edition of Construction Economics - Market Conditions in Construction

Whether you are interested in the trends effecting the cost of parking garage construction or the overall trends effecting the construction industry as a whole, we recommend you taking a few minutes to read what other industry observers are saying about the future of construction.

We believe in the mutual benefit we all achieve from sharing informative publications with our readers (that can be obtained from reputable sources) to help all of us interested in the construction industry be best prepared to service our clients and markets in 2013 and beyond!

How Much does a Parking Garage Cost to Build?

Wells Fargo Economic Indicators

McGraw Hill Construction

Dodge Momentum Index Leading Indicator

Parking Costs, Pricing and Revenue Calculator - Jan 2012 (by Todd Litman - Director @ the Victoria Transport Policy Institute, Victoria, BC Canada - http://www.vtpi.org

 

Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

Topics: parking garages, hybrid parking garages, parking, garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, Parking for adaptive reuse, Construction Economics, Gilbane Edge, parking garage design, design build, parking garage design build, steel and precast, steel garage, hospital parking, hospital garages, hospital development cost

2013 Cost of Parking Construction - from ForConstuctionPros.com

Posted by William Wieners on Tue, Dec 25, 2012 @ 11:12 AM
Affordable and Efficient Hybrid Parking Garages
Hybrid Parking Garages

ForConstructionPros.com has recently published their report on the 2013 Construction outlook, including trends.

Whether you are interested in the trends effecting the cost of parking garage construction or the overall trends effecting the construction industry as a whole, we recommend you taking a few minutes to read what other industry observers are saying about the future of construction.

We believe in the mutual benefit we all achieve from sharing informative publications with our readers (that can be obtained from reputable sources) to help all of us interested in the construction industry be best prepared to service our clients and markets in 2013 and beyond!

Construction News Tracker Video: 2013 Construction OutlookConstruction News

2013 Construction Economic Outlook is Better, Barely by www.forconstructionpros.com

AIA's Architect Billing Index for November 2012 

Winter 2012 edition of Construction Economics - Market Conditions in Construction

How Much does a Parking Garage Cost to Build?

Well Fargo Economic Indicators

McGraw Hill Construction

Dodge Momentum Index Leading Indicator

Parking Costs, Pricing and Revenue Calculator - Jan 2012 (by Todd Litman - Director @ the Victoria Transport Policy Institute, Victoria, BC Canada - http://www.vtpi.org

 

Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

Topics: parking garages, hybrid parking garages, parking, garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, Parking for adaptive reuse, Construction Economics, Gilbane Edge, parking garage design, design build, parking garage design build, steel and precast, steel garage, hospital parking, hospital garages, hospital development cost

Happy Hybrid Holidays! Good Luck to All in 2013

Posted by William Wieners on Mon, Dec 24, 2012 @ 16:12 PM

Hybrid Parking Garages offer Affordable and Efficient Parking Garage Design and Construction nationally

Hybrid Parking Garages

 

Happy Hybrid Holidays from Hybrid Parking Garages

Latest linked projections for the 2013 Construction season for parking garage construction.

2013 Cost of Parking Construction - Gilbane Construction Economics

2013 Construction Economic Outlook is Better, Barely from forconstructionpros.com

Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

Topics: parking garages, hybrid parking garages, parking, garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, Parking for adaptive reuse, Construction Economics, Gilbane Edge, parking garage design, design build, parking garage design build, steel and precast, steel garage, hospital parking, hospital garages, hospital development cost

2013 Cost of Parking Construction - Gilbane Construction Economics

Posted by William Wieners on Mon, Dec 10, 2012 @ 17:12 PM

Affordable Efficient Hybrid Parking Garages

Hybrid Parking Garages

Gilbane Inc. has recently published their latest winter report on the Economics of Construction for the US in 2013 and beyond, including trends and material costs.

Whether you are interested in the trends effecting the cost of parking garage construction or the overall trends effecting the construction industry as a whole, this narrative is an excellent read heading into 2013.

We believe in the mutual benefit we all achieve from sharing informative publications with our readers (that can be obtained from reputable sources) to help all of us interested in the construction industry be best prepared to service our clients and markets in 2013 and beyond!

Please feel free click on the LINK BELOW to sign up @ Gilbane's website and view the report: 

Gilbane Building Company

Winter 2012 edition of Construction Economics - Market Conditions in Construction

We hope you find Gilbane Inc's information as helpful and informative as we did. Below are additional links from Hybrid Parking Garages and other sources that may also be of interest.

How Much does a Parking Garage Cost to Build?

Well Fargo Economic Indicators

McGraw Hill Construction

Dodge Momentum Index Leading Indicator

Parking Costs, Pricing and Revenue Calculator - Jan 2012 (by Todd Litman - Director @ the Victoria Transport Policy Institute, Victoria, BC Canada - http://www.vtpi.org

 

Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

 

Topics: parking garages, hybrid parking garages, parking, garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, Parking for adaptive reuse, Construction Economics, Gilbane Edge, parking garage design, design build, parking garage design build, steel and precast, steel garage, hospital parking, hospital garages, hospital development cost, robotic valet

Hybrid Integrated Parking Design Results in Rapid Garage Construction

Posted by William Wieners on Mon, Oct 1, 2012 @ 19:10 PM

Affordable Efficient Hybrid Parking Garages

Hybrid Parking Garages

Hybrid Parking Garages Completes Parking Design and Construction for Steward Health Care Employee Parking at Saint Anne’s Hospital in Fall River in Only SIX Months.

FALL RIVER, MA… Hybrid Parking Garages recently completes design and delivery of a multi-story employee hybrid parking garage at Saint Anne’s Hospital in Fall River.  Team members included Suffolk Construction, First Bristol Corporation and Steffian Bradley Associates. 

Utilizing Hybrid Parking Garages integrated design build approach to parking a custom parking garage solution for employee parking was conceived, developed, designed, permitted, constructed and turned over to St. Anne’s in just six (6) months.  Working together, from the earliest stages of project conception, enabled all team members to easily remain focused on completely achieving the owner’s objectives.

Steward Health Care's objectives were straight forward and clearly defined... provide Saint Anne's Hospital with the most affordable, efficient, low maintenance and durable structured parking solution, as fast as possible, on limited land within our control to park our employees within our proforma budget for parking.

In order for Saint Anne’s Hospital to rapidly expand its current services to patrons, the existing employee parking was relocated quickly to allow for construction of the new hospital services additions adjacent to the existing hospital.  The design/build delivery of this hybrid parking structure allowed for successful on-time completion within the tight owner’s schedule.

Saint Anne’s Hospital is a community hospital with comprehensive inpatient, outpatient, and emergency care services, serving adults and children in southeastern Massachusetts and nearby Rhode Island. Founded in 1906 by the Dominican Sisters of the Presentation, Saint Anne's Hospital is a member of Steward Health Care, the largest fully integrated community care organization in New England.

Saint Anne's Employee Hybrid Parking Garage

SAH Site Plan 2011 resized 600

With eight offices nationwide servicing all markets, Hybrid Parking Garages offers institutional, commercial, residential clients, and public agencies creative parking solutions focused on each client’s unique challenges and the delivery of real value and cost savings. Since the Hybrid approach is not based on a pre-established system, the design build team was able to deliver the optimal solution tailored uniquely to the needs of Saint Anne’s Hospital within the larger context of the larger project.

Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

Topics: parking garages, hybrid parking garages, parking, garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, parking garage design, design build, parking garage design build, steel and precast, steel garage, hospital parking, hospital garages, hospital development cost

So What's "down" with the Cost of Parking Construction?

Posted by William Wieners on Sat, Jun 23, 2012 @ 16:06 PM

Affordable Efficient Hybrid Parking Garages

Hybrid Parking Garages

We are seeing a significant increase in the amount of inquiries, from a variety of public and private entities, seeking help with their parking strategies and a better understanding of the cost of parking in conjunction with sky rocketing materials costs and today's turbulent economy.

Parking demand and it's associated costs typically follow the flow of construction dollars except that parking is considered as an amenity, cost of development, associated with new construction or adaptive reuse.

So, what's happened to parking and why is it so confusing to so many?

Parking construction has contracted from 182 Million square feet of new construction in 2007 to just under 56 Million square feet in 2011. Construction industry statistics are typically a one year look back and one can only assume that construction bottomed in July of 2011.  Assuming this to be the case it would be safe to assume that the actual work put in place in 2011 will be even lower than the 56 Million sqaure feet put in place in 2010.

So, where are we today with PARKING? That is an 70% drop in parking since 2007.  Parking will not return at the same rate as construction as parking typically is associated with new construction which shows no sign of improving in the near term.  How does an industry cope with an 70% decline in available business, sky rocketing materials prices, and a lower selling price?? In short, it doesn't.  Who will be left standing? What will they charge? How do you know what your price will be tomorrow and who will honor it?

Construction Cost IndexThe danger of UNIVERSAL PRICES, NUMBERS and pundits is that they are never objective or right... Contractors have worked through their more profitable back logs as have most suppliers.  The IMPACT of the desperation to garner new work since 2010 is now starting to make it's effects known with massive capitulation occurring at the subcontractor and trades level.  Millions of construction jobs lost with skilled trades people having left the industry for good due to the poor employment opportunities and lack of work.  We can see that this trend will ultimately continue for the next 24 months and the capitulation of more contractors and construction managers will accelerate in 2012 and continue until future parity.

Why has the price of parking garages fallen since 2008 if materials prices and wages have not? Simply, because contractors are desperate for work... falling selling (market) prices coupled with higher costs is an unsustainable business model for the parking industry and ultimately will continue to take a toll on businesses that have been discounting hoping for a quick turn around.

As the world and US head into the next stage of global delevering we will see a fall in raw material prices as recently witnessed in the latest round of the euro crisis... however... historically raw materials prices rise like a rocket and fall like a feather!  Capacity contraction and price inflation will offset any savings that raw materials prices may offer as the construction industry tries to re inflate and stave off more closures.

Parking Costs... Have you considered this?

US Parking Costs Estimates and Transportation Benefit Cost Analysis

Historically construction statistics have been largely based on "surveys" and though many industries, such as McGraw Hill, have developed new tools to correlate starts to surveys there is great uncertainty regarding the deployment of new capital in todays delevering economy and the potential future demand that MAY lead to more public and private construction.

Delevering balance sheets, energy issues, telecommuting, reconfiguration of office needs, the cloud, online retailing, population demographics, REAL Money flow, banking challenges, public & private debt reduction, political polarization, the Euro SOVERIGN DEBT crisis, the world banking crisis, consumers not spending and continued attempts of the governments and finacial players to maintain the status quo of financial engineering would lead one to believe that we are far from real financial stability, stable capital markets, real capital liquidity or a reasonable way to predict the need for new buildings or the real cost of or future value of most everything!?

In response, we have assembled a few links we have recently used for interested parties to use to better understand where the economy, costs of construction and parking are headed in future. No one knows... but many are working hard to provide us with information to consider. 

Well Fargo Economic Indicators

McGraw Hill Construction

Dodge Momentum Index Leading Indicator

Dodge Momentum Index Debuts

Obama's Economy

Investors Plow Equity into Projects

Living in a Modern Day Depression

Other considerations in the near term:

1) Banks have been delevering since 2007 and this won't be completed until at least 2015 if the European Crisis does not create another LEHMAN capital liquidity meltdown in the next 18 months.

2) Ratings agencies recently downgraded banks again and what does that mean? Typically as the banking industries ratings fall the "spreads" widen and this ultimately increases costs to the banks.

3) Since the financial crisis of 2008 little has changed in our financial system... Collapse was averted in 2008 however many believe that without the political will for sound monetary policy we are still far from a recovery.

4) Notional bets and swaps are still in excess of $375T as Europe slides into a protracted recession that will have major impacts on world banks, the US and emerging economies.  These "hedging strategies" are still un regulated and the proper analogy is "the mountain climber with seven climbers tied together... if one falls, traditionally, the other six would keep them all from falling, however, these seven climbers are also tied to another seven who are tied to another seven and so on and so on... no one knows how much exposure anyone has anymore with notional bets (swaps) equal to TEN times the world GDP."  So, if banks in Europe go... they will be tied to others, which makes the entire system unstable and unpredictable.

5) With "risks unknown" and Basel III Tier one capital requirements looming over the banks, coupled with legacy debt, FASB changes, and unregulated swaps markets... no one knows how much is enough.

6) Indicators show that the "central banks" have expanded their holdings from $1T in 2007 to over $13T today with at least $2T plus needed to stabilize the Euro Sovereign Debt to Bank issue.

7) Supporting sources of capital to finance new projects are almost non existent as firms wrestle with deleveraging and the inability for bad debt to clear as a result of changes to FASB.  As the central banks buy debt they are selling it as well and this seems to be where most new LONG TERM capital is being deployed... distressed debt.

8) Private equity funds continue to become more attractive to institutional investors as they FLEE the traditional markets.  These funds typically demand a greater return on investment over shorter period of time vs. a more traditional funds buy and hold.  This investing strategy runs counter to long term investment strategies which include new construction of all kinds... housing, real estate, commercial, retail, infrastructure, public and private.

9) As a result of the above coupled with the governments attempts to stimulate the US economy new bubles have formed as firms try to replicate the financial engineering of the past decade.  These bubbles will end badly... there are at lease three with exposure in Trillions!

10) Predictions of a short recovery are not realistic as the age of easy money sloshing around is over in our life time with no one having a clue of what the new economy will look like or even when it will manifest itself... 2020 and beyond?

11) Europe's recession is going to be deep and protracted which will slow growth in both Europe and the emerging markets, this ultimately will have adverse effects on the US Economy, US Banks pulling the US into a recession as well.

12) Keynesian Exhaustion where governments lack the will to continue to fund deficits as the private sector continues to struggle... commonly known as Austerity.

There are Three ways to get out of an INTERNATIONAL DELEVERAGING SPIRAL...

Inflate your way out... print money and delever.

Grow your way out... return to sound monetary growth policies.

Fight your way out... take your neighbors resources through WAR.

 

Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

 

Topics: parking garages, hybrid parking garages, parking, garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, Parking for adaptive reuse, design build, parking garage design build

Parking for Historic Adaptive Reuse Development Gets Affordable

Posted by William Wieners on Mon, Jun 18, 2012 @ 14:06 PM
Affordable Efficient Hybrid Parking Garages
Hybrid Parking Garages
Hybrid Parking is proud to be selected as a team member to deliver new structured parking in conjunction with the rehabilitation and adaptive reuse of the Historic "American" Waltham Watch Company Development in Waltham, MA.
1930's Layout of the Waltham Watch Company 
The Historic "American" Waltham Watch Factory complex is located along the Charles River in Waltham Massachusetts and consists of approximately 400,000 square feet of space in 22 interconnected buildings.  Formed in 2007, "Watch City Ventures, LLC" aquired the property and initiated a complete phased rehabilitation and adaptive reuse of the complex as a vibrant mix of office, residential and retail uses with riverfront amenities.  With its proximity to Boston and major routes and impressive water views, the Waltham Watch Factory has been transformed into a mixed-use complex with modern office space, retail, restaurants, and residential lofts.
American Waltham Watch

Hybrid Parking Garages recently joined the team of Watch City VenturesColumbia Construction, Bruner Cott Architects and DM Berg Consultants to design and deliver new structured parking for the "American" Waltham Watch Company Factory building in Waltham, MA.  Hybrid was selected to provide parking and construction services to facilitate the affordable delivery of a multi-story garage, within a limited urban site, while maintaining both aggressive project schedules and budget requirements. 

The two phase development for this important historic factory redevelopment on the banks of the Charles River in Waltham, MA. includes a 177,000-square foot office space, as well as retail and residential portions.   The Hybrid parking garage will provide much needed parking for office tenants, residents and visitors.   The new parking is integrated, not only into the building structure, but also into the newly redeveloped landscaped courtyards, Riverwalk, pedestrian walking and biking path along the Charles River.

Hybrid's team has both prior experience and success in the affordable delievery of durable multi-storied parking garages for adaptive reuse and rehabilitation projects in Lawrence and Watertown, Massachusetts.  Providing affordable parking in conjunction with the adaptive reuse of historically important manufacturing spaces is a rewarding experience for all team members that allows us to enable these great edifices of US manufacturing to live again and reinvigorate their local communities!  

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Parking for this unique type of development requires a great deal of critical thinking to provide owners with the optimal and most affordable parking approach for land locked urban sites and create a winning proforma with predictable/successful financing.

Being an intgral member of the design build team, always with a keen eye on the budget, enables us to work seamlessly and collaboratively with all team members to deliver our clients the best value parking approach to meet their unique parking objectives.  

 

American Waltham Watch Company

"THE AMERICAN WALTHAM WATCH COMPANY" 

 

 Historical Photos of American Waltham Watch Factory Operations

PHOTOS OF THE INNER WORKINGS OF THE AMERICAN WALTHAM WATCH COMPANY 

 

Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

Topics: parking garages, hybrid parking garages, parking, garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, Parking for adaptive reuse, parking garage design, design build, parking garage design build, steel and precast, steel garage, hospital development cost

Parking Design Cartoons and the Cost of Parking

Posted by William Wieners on Mon, Jun 4, 2012 @ 21:06 PM

 Affordable Efficient Hybrid Parking Garages

Hybrid Parking Garages

What is the cost of your parking design when you are pricing from a cartoon?

In today's unstable market owners are seeking to take advantage of apparent bargains in the construction industry.  However the risk to all parties by buying "low bid" fragmented services from disparate firms continues to escalate as the industry contracts and financial instability grows.

Getting a low price for services or thinking that going design/bid/build is going to save money or is of greater value today than five years ago is probably not the best approach to create the best value for a project.

What has happened to the VALUE that traditionally resulted from CRITICAL THINKING?

What we see happening today in parking design translates into... You have a project... and you bid for a designer... they create a cartoon from which hungry construction firms invent prices for little or no fee.  Now you have an owner and designer who have unknown liabilities presenting a scheme which may not ULTIMATELY work for the proforma and/or patrons.  

You are now OFFICIALLY LOST IN THE LAND OF THE PARKING DESIGN CARTOON AND CRAYON SPREAD SHEET!... Add in "GROUP THINK" and "EGO" and it is a very bad day at the bank!

Group think in Parking Design

As the magnitude of costs start to sink in.. what do you do now that you realize that your proforma will not work because the cost of your parking is beyond your budget or worse beyond your ability to finance?  

You didn't know what you were getting into because there was no way to reasonably value the concept from the beginning.

Overcome Groupthink

For Example... we recently had the opportunity to help someone who was faced with the disconnect of a "PARKING DESIGN CARTOON" that went as follows:  

1) They had hired a design firm.

2) The design firm provided a concept based on what they had done in a "TIER ONE" market.

3) The team embraced the concept given to them "for fee" by a reputable firm but for a "TIER TWO" market.

4) The team then priced the concept and came to find that the parking was considerably more than what the proforma would bear.

5) In addition to the price being beyond the budget the concept was not user friendly for patrons with ramping and distances having to be traveled beyond practicality.

6) There also appeared to be 30% more parking spaces planned than were needed.

7) The overall site utilization was inefficient and huge opportunities for land banking were lost because of the way the concept integrated the parking into the entire development.

The challenge that was presented to us to solve was....

"HOW CAN YOU HELP ME GET THIS TO WORK?"  They had already tried to make the "CARTOON MORE EFFICIENT" but the total savings from all this effort resulted in only a few percentage points of cost savings and not nearly enough to solve the problem.  If they can't solve the parking... it will "KILL THE DEAL".

Our response... Toss the "PARKING DESIGN CARTOON & START OVER WITH THE CRITICAL THINKING PIECE FIRST"... 

"What?"  "Why?" we have a good team in place and this should work... our response was that it would work but it isn't affordable, efficient or user friendly... and then within the next HOUR TOGETHER... we helped show them what to consider to significantly lower the cost of their parking.  In addition to our parking design recommendations the changes we recommended would also result in considerable savings in OPERATIONS, MAINTENANCE and in the reconfiguration of the cash generating piece of the development.

We showed them that to get to the numbers they wanted they would have to scrap the "PARKING DESIGN CARTOON" not the team.  Implement changes and the result would be an overall savings in the whole program.  It should be ORDERS OF MAGNITUDE less costly, more efficient, more user friendly and most importantly meet your proforma.

This is a difficult situation for all involved, even us, to sit there and tell an experienced group that their "TEAM" has missed the mark.  The firms and people involved just didn't know... "OFF HAND" that the CARTOON wouldn't work... They didn't consider all aspects of what they were programming and were predisposed to "WHAT THEY HAD DONE BEFORE".

Don't forget critical thinking for parking design

Before you start with your next project and "PARKING DESIGN" ask yourself about the "COST OF FRAGMENTATION" and whether or not you want the fragmented approach or a more seamless approach to reach your overall goal of best value.

You have to ask yourself... How can I benefit from the right people at the table from the beginning... to get everything I need to take that first step in parking design and control my costs of construction and development.  

 

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There is much that traditionally goes into to the selection process of owner's when choosing the team for their next project.  When you are considering how to deliver and who to hire, please don't forget to add in the intangibles when planning your approach to your parking program and don't forget to consider the VALUE of CRITICAL THINKING.

 

"Service is the only thing that people buy that they never know the value of until after they have bought it"

 Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

Topics: parking garages, hybrid parking garages, parking, garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, Parking for adaptive reuse, Construction Economics, parking garage design, design build, parking garage design build, steel and precast, steel garage, hospital parking, hospital development cost, robotic valet, Parking Construction, Affordable Parking, Temporary & Movable Parking, Urban Parking Concepts, ReloPark, robotic parking, automated parking