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<br />Table 1 summarizes the forecast shared parking demand for the Floral Park Promenade center <br />with the inclusion of the proposed project. An examination of the table indicates that 439 parking spaces <br />would be forecast, a shortage of 17 parking spaces. Presently, the site has a minor exception (87-02) to <br />reduce the required parking by 17 spaces. <br /> <br />OBSERVED SHARED PARKING ANALYSIS <br /> <br />Parking for the existing center was observed and is summarized in the following table, An <br />examination of the table indicates that the maximum observed parking demand for the center was 127 <br />spaces at 4:30 PM. The center presently has a total of 370 spaces available to meet the parking demand <br />for the existing retail center. Based on the observed parking demand, a surplus of 243 spaces are <br />available on-site. <br /> <br />OBSERVED PARKING DEMAND- FLORAL PARK PROMENADE <br /> <br />1O:30A II:OOA 1I:30A 12:00 I:OOP 2:00P 3:00P 3:30P 4:00P <br />107 110 III 120 118 112 112 124 122 <br /> <br />5:00P 5:30P <br />124 117 <br /> <br />Date: December, 2003 multiple days including Saturday <br /> <br />SUMMARY OF FINDINGS AND CONCLUSIONS <br /> <br />Two independent analyses of peak parking demand were conducted for this study, The first <br />involved a detailed examination of the concept of shared parking for mixed use retail centers. The Urban <br />Land Institute (ULI) produced a widely recognized and trusted report on the "sharing" of parking that <br />occurs in large retail centers. The ULI parking analysis shown in Table 1 indicates that a maximum of <br />370 parking spaces would be occupied if this were a typical and relatively large retail center. <br /> <br />Further, based on the result of the observed shared parking analysis, the center uses only a <br />maximum 127 spaces during the peak parking demand period and sufficient surplus parking is available <br />that would be sufficient to accommodate the addition of the proposed 5,000 square feet of food uses, The <br />current noon usage is 120 spaces and the 5;00 PM usage is 124 spaces. The addition of 50 more vehicles <br />(the code requirement for 5,000 square feet of restaurant) brings the peak parking total to 174 spaces or <br />only 47 percent of the total parking available. <br /> <br />Floral Park Promenade <br />Parking Analysis <br /> <br />4 <br /> <br />Austin-Foust Associates. Inc. <br />89900 I rpt.doc <br /> <br />15g~34 <br />