No parking facilities at new apartment buildings

According to an article found on www.opb.org -

"Apartment buildings are going up all over Portland, this summer. The construction is a positive trend in the sluggish economy. But nearly two-thirds of the recent projects are going up without any parking places.

This isn’t a reflection of a big change in policy – it reflects a change in demand.

City planners say the new push to build without parking fits within current zoning – and is consistent with the city’s planning goals.

Portland wants to grow up in terms of its density – and parking cars, meaning making the space and creating the space for them to park on a site can eat up a lot of space. So we’ve seen an increase in developers wanting to exercise a no-parking option, and use that space for units or for retail.

Of 40 apartment building projects to be filed in the last year and a half, 25 offer no parking."

Pearl District and downtown condos for sale can be found at www.bpr.com.  Our City Properties Group website is found at www.cityproperties.re.