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Mr. William Rothacker, Jr. <br />April 13, 2016 <br />Page 3 <br />Treble IA, located at the end of this letter report, following the figures, sunvnarizes <br />the existing/proposed land uses /tenants and associated floor areas for Target Center. <br />A review of Table 1.1 indicates that the occupied floor area to remain consists of <br />126,541 SF retail uses, 6,458 SF of medical/dental office uses and 9,182 SF of <br />restaurant uses. The vacant floor area consists of 9,305 SF of restaurant uses. In <br />addition, 15,494 SF of existing retail space is proposed to be converted to restaurant <br />use. <br />Based on a field assessment, the existing on -site parking supply for the Target Center <br />totals 727 spaces. However, due to site modifications, the proposed parking supply <br />totals 711 spaces, For detailed study purposes, the parking areas were divided into <br />eight (8) zones as illustrated on Figure 3. Treble 113 provides a breakdown of the <br />parking supply provided within each zone, which are identified as Zones A through H <br />in Treble 1B. <br />PARKING SUPPLY - DEMAND ANALYSIS <br />This parking analysis for the Target Center involves determining the expected <br />parking needs, based on the size and type of proposed development components, <br />versus the parking supply. In general, there are three methods that can be used to <br />estimate the site's peals parlung needs. These methods have been used ill this analysis <br />and include: <br />■ Application of City code requirements (which typically treats each tenancy <br />type as a "stand alone" use at maximum demand). <br />Application of shared parking usage patterns by time -of -clay (which <br />recognizes that the parking demand for each tenancy type varies by time of <br />clay and day of week). The shared parking analysis starts with a code <br />calculation for each tenancy type. <br />• Existing parking demand surveys to determine the aggregate parking demand <br />of current tenants, combined with application of shared parking evaluation <br />methodologies for all proposed or existing vacant floor areas in the center. <br />The existing plus shared parking methodology is concluded to be the most applicable <br />to a development such as the Target Center because the individual land use types (i.e., <br />retail, medical /dental office, restaurant, etc.) experience peak demands at different <br />times of the day and the center is currently 94.5% occupied. <br />31B-14 <br />