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TRAFFIC AND PARKING <br />40%fewer car trips than an office building <br />The Addington design ensures that vehicular access and <br />circulation would not occur on the eastern portion of the <br />site, toward the single-family residential land uses by placing <br />the only vehicular entrance and exit to the project on N. <br />Main Street. This entrance would lead to a central parking <br />structure. <br />Page 5 of 9 <br />Highlights <br />• No entrance on Edgewood <br />• 40% less traffic than an office <br />building <br />• More parking than required <br />In contrast to this proposal, if an office building were to be <br />developed on site (as is allowed by right) it would have approximately 2,600 employees (according to <br />Core Net Global the average square foot per employee is 151) who would be arriving for work in the <br />morning and leaving in the afternoon at very tight intervals, with increased trips at midday for lunch. <br />With increased trips, the egress on Edgewood would continue to be open which would cause a <br />significant amount of traffic to cut through the neighborhood at peak traffic times. <br />Trips. The current blighted property generates few if any trips due to it being a vacant office building. <br />The only trips that are currently taking place are caused by overflow parking from the neighboring <br />Discovery Cube. We commissioned a traffic study conducted by Translutions Inc., reviewed by City <br />staff and a third party appointed by the City, which confirmed that a new 387,465 square foot office <br />building (allowed by right) will create 1,184 additional trips or 40 percent more daily trips than The <br />Addington. It would create 278 more morning peak trips, and 236 more evening peak trips. <br />Parking. The project plan includes 2 parking stalls per residential unit in the building. Given the <br />projected unit count, 70% studios and 1 -bedrooms, and 30% two or three -bedrooms, the project is <br />significantly overparked. Comparable cities require parking ratios to be in line with bedrooms. For <br />example, the City of Los Angeles requires 1 parking stall per bedroom plus a 25% increase for guest <br />parking. The figure below represents The Addington's parking ratios. <br />Unit Type Count <br />Parking Stalls proposetl Parking Stalls <br />at the Addington (other Cities) <br />Overparleed <br />Studios 63 <br />126 63 <br />1 Bedroom 273 <br />546 273 <br />2 Bedroom 112 <br />224 224 <br />3 Bedroom 28 <br />56 84 <br />Guest Parking <br />Included 161 <br />Total <br />952 805 <br />147 <br />240 NEWPORT CENTER DRIVE $vire #200 NEWPORT BEACH CA 92660 <br />