Some things to think about when discussing changes to University Mall.
Will there actually be a rental market for these apartments or will this be another failed project — like several of our past research parks, which turned into apartments because there was really no demand for more research parks?. It is possible that future student numbers here will be significantly less than expected. The council should require that the developer put up a cash bond, to reimburse the city if the project fails or is significantly delayed, as there will be negative costs to the city.
It seems, like with every development, the developers manage to convince the city council that adequate parking is not needed because the prospective clientele are either students (eg. no cars) or families with one car.
The reality is that a four-bedroom apartment will generate four cars if it houses students and three cars for families (most families have teen drivers part of the time). Therefore if this is approved, the city council will hand the next council a major parking problem with students trying to find day or overnight parking in all of the neighborhoods to the north and east of the development.
The scope of the problem can already be seen with existing student day parking (in recent years — everyone is 凯发体育官方sporthome for the duration of COVID). If I was a business person looking to rent space for business or retail in the proposed project, I would not because it is obvious that my customers would not find adequate parking near the business. The developer needs to provide realistic numbers of parking spots, not as was done in most of our other multifamily developments.