{"id":5968,"date":"2014-03-21T15:26:52","date_gmt":"2014-03-21T19:26:52","guid":{"rendered":"https:\/\/www.myparkingsign.com\/blog\/?p=5968"},"modified":"2024-05-27T06:14:43","modified_gmt":"2024-05-27T10:14:43","slug":"trending-parking-garage-condos-new-york-city","status":"publish","type":"post","link":"https:\/\/www.myparkingsign.com/blog\/trending-parking-garage-condos-new-york-city\/","title":{"rendered":"Trending: Parking-garage condos in New York City"},"content":{"rendered":"
\"parking<\/a>

Your next luxury flat? From AEO Auch.<\/p><\/div>\n

In a metropolis that simultaneously houses residents in abandoned subway tunnels<\/a> while selling gift-wrapped mansions at price tags north of $100 million, it should surprise no one that old parking garages are now the thing in New York City. Prewar garages are being turned from grease-stained warehouses for cars to glitzy homes for eco-minded celebrities like Leonardo DiCaprio, one of the first to visit a Greenwich Village triplex under construction atop an eight-story former Hertz garage that\u2019s being converted to condos.<\/p>\n

The development team of DHA Capital and Continental Properties are behind that particular project, but they\u2019re by no means the only developers adapting parking garages into living spaces. Rigby Asset Management is currently at work on a similar conversion in Greenwich Village after enjoying success in 2003 in SoHo, where the fa\u00e7ade of a garage was kept intact while the interior was gutted for residential use. Recent parking-garage condo conversions from Flank and Gale International have entered the market, accelerating the trend.<\/p>\n

It\u2019s hard to imagine how the low ceilings, sloped floors, and generally underlit environments of parking garages could be transformed into condos that command prices between $6 million and $35 million, but developers are looking at prewar garages, not more modern versions. Architects in the 1920s were still unsure how prevalent cars would be, and while their dominance was rising unquestionably at the time, architects hedged their bets and designed garages that could be easily adapted to other uses.<\/p>\n

Today there are offices and warehouses and\u2014now\u2014condos that once were parking garages. They\u2019re distinguished from their modern-day counterparts by their flat floors, generous floor-to-ceiling heights, building widths, and impressive loading capacity or the ability to support other structural uses.<\/p>\n

\u201cIt\u2019s very hard to find a 67-foot-wide building,\u201d Steven Fisch of Continental Properties told the press. \u201cBuyers are going to walk into a 67-foot living room with huge windows along the whole length. It beats any loft in SoHo.\u201d<\/p>\n

There are other perks to redeveloping parking garages. Said Leonard Steinberg, a broker with Douglas Elliman, \u201cTo vacate them takes just a set of car keys rather than millions in legal fees and payments to move out tenants.\u201d<\/p>\n

Then there are, of course, the parking spots themselves. By retaining a portion of the site at 224 Mulberry in Nolita as a garage\u2014preserving its \u201cexisting use\u201d in zoning-ordinance parlance\u2014Flank could offer residents parking on site. Indeed, buyers of each of the development\u2019s seven units will be allotted two parking spaces apiece.<\/p>\n

Developers constructing new buildings, however, would be accorded just one spot for every three units or so, as mandated by the zoning code\u2019s parking maximums.<\/p>\n

Developers\u2019 renewed interest in prewar parking garages has architects reconsidering the designs of parking garages being built today. Informed by statistics showing lower numbers of auto-buying<\/a> coupled with a rising trend in car-sharing businesses, as well as other factors such as higher gas prices, improved public transit, better technology. and an increasing clustering of people in urban areas, architects believe society will need fewer parking garages.<\/p>\n

As a result, designers have begun to advocate for more thoughtful parking-garage construction. \u201cIf we\u2019re going to build these,\u201d said Tom Fisher, dean of the College of Design<\/a> at the University of Minnesota, \u201c let\u2019s design them in a way that they can have alternative uses in the future. With just a few tweaks, that\u2019s really possible.\u201d<\/p>\n

Developers have been receptive to his suggestions, said Fisher. Being able to adapt a building rather than demolish it saves developers time and money, as well as the environmental headaches caused by material waste. \u201cThey\u2019re worried about building parking garages that don\u2019t really have a long-term use,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a metropolis that simultaneously houses residents in abandoned subway tunnels while selling gift-wrapped mansions at price tags north of $100 million, it should surprise no one that old parking garages are now the thing in New York City. Prewar garages are being turned from grease-stained warehouses for cars to glitzy homes for eco-minded celebrities […]<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[223,9],"tags":[387,162,388],"class_list":["post-5968","post","type-post","status-publish","format-standard","hentry","category-green-parking","category-regulations","tag-conversions","tag-parking-garage","tag-real-estate"],"yoast_head":"\nTrending: Parking-garage condos in New York City - MyParkingSign Blog<\/title>\n<meta name=\"description\" content=\"In a metropolis that simultaneously houses residents in abandoned subway tunnels while selling gift-wrapped mansions at price tags north of $100 million, it should surprise no one that old parking garages are now the thing in New York City.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.myparkingsign.com/blog\/trending-parking-garage-condos-new-york-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trending: Parking-garage condos in New York City - MyParkingSign Blog\" \/>\n<meta property=\"og:description\" content=\"In a metropolis that simultaneously houses residents in abandoned subway tunnels while selling gift-wrapped mansions at price tags north of $100 million, it should surprise no one that old parking garages are now the thing in New York City.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.myparkingsign.com/blog\/trending-parking-garage-condos-new-york-city\/\" \/>\n<meta property=\"og:site_name\" content=\"MyParkingSign Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/parkingsigns\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-21T19:26:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-27T10:14:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.myparkingsign.com\/blog\/wp-content\/uploads\/parking-garage2.jpg\" \/>\n<meta name=\"author\" content=\"Cielo Lutino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MyParkingSign\" \/>\n<meta name=\"twitter:site\" content=\"@MyParkingSign\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cielo Lutino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.myparkingsign.com/blog\\\/trending-parking-garage-condos-new-york-city\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.myparkingsign.com/blog\\\/trending-parking-garage-condos-new-york-city\\\/\"},\"author\":{\"name\":\"Cielo Lutino\",\"@id\":\"https:\\\/\\\/www.myparkingsign.com/blog\\\/#\\\/schema\\\/person\\\/a5af201a0d9ca4221c4d1ff6b42d9e23\"},\"headline\":\"Trending: Parking-garage condos in New York City\",\"datePublished\":\"2014-03-21T19:26:52+00:00\",\"dateModified\":\"2024-05-27T10:14:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.myparkingsign.com/blog\\\/trending-parking-garage-condos-new-york-city\\\/\"},\"wordCount\":639,\"image\":{\"@id\":\"https:\\\/\\\/www.myparkingsign.com/blog\\\/trending-parking-garage-condos-new-york-city\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.myparkingsign.com\\\/blog\\\/wp-content\\\/uploads\\\/parking-garage2.jpg\",\"keywords\":[\"conversions\",\"parking garage\",\"real estate\"],\"articleSection\":[\"Green Parking\",\"Regulations\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.myparkingsign.com/blog\\\/trending-parking-garage-condos-new-york-city\\\/\",\"url\":\"https:\\\/\\\/www.myparkingsign.com/blog\\\/trending-parking-garage-condos-new-york-city\\\/\",\"name\":\"Trending: Parking-garage condos in New York City - 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