In many areas, especially those with good transit, demands for spaces for automobiles are limited
Toronto’s well-earned reputation as one of Canada’s most traffic-congested cities might lead you to think that homebuyers in the downtown core would insist on the provision of adequate parking spaces in condo dwellings.
Mimi Ng of Menkes Developments says this is not necessarily the case. “From a developer’s perspective,” she says, “the need to provide on-site parking is highly dependent on the project’s location. In the downtown core or around rapid-transit stations, parking demand is much lower and a developer often can successfully market and sell a project with a lower parking ratio.” Even if there was a huge demand from tenants, developers might potentially encounter logistical barriers that would make moot any ideas of constructing underground parking spaces. “It may not be possible to build an underground parking garage on some development sites, such as those located atop a subway line,” says Ms. Ng.
Soil and/or underground water conditions on a given site can also present challenges in digging several levels below grade, thus limiting the possibilities to only a one- or two-level garage. In Menkes developments, such as Harbour Plaza at 90 Harbour St., clever alternatives have been taken that obviate the need for traditional cavernous underground parking structures. “We have partnered with car-share operators to offer vehicles on site,” says Ms. Ng, “which helps to serve the needs of residents who do not own their own car but occasionally need access to a vehicle. “Sometimes we are able to build and offer tandem parking spots, which are extra-long parking stalls that can accommodate two vehicles, parked one behind the other. These spots can service buyers who have two cars, but where one vehicle is used infrequently.”
Far removed from the gridlock that characterizes Toronto’s roads, Stonebrook Developments’ Monaco project in Collingwood offers amenities aplenty in a decidedly less congested atmosphere. With spectacular views, luxurious 10-foot ceilings, spa-like full baths, and high-end appliances for starters, Monaco offers big-city convenience and luxury in a small-town environment. For those who drive and may be concerned about parking availability, developer Ian Wookey says “we are providing the opportunity for our purchasers to buy one or two [parking] spots. Being located between Blue Mountain and Wasaga Beach, we recognize our future residents may need access to a vehicle.” Reaching out to eco-conscious drivers, “electric charging stations are also available,” Mr. Wookey adds.
But even in Collingwood a parking space is not necessarily a necessity for everyday life. “Monaco is conveniently located within short walking distances to shops, services and restaurants. We are located literally in the thriving downtown core,” says Mr. Wookey. “So whether our residents will prefer to walk out their door and access all that downtown Collingwood has to offer, hop on a bus that will stop outside the building and take them a bit further from home, or drive themselves to Toronto or other destinations, Monaco is designed to offer the perfect solution for everyone,” he says.
Advertising feature produced by Globe Content Studio. The Globe’s editorial department was not involved.