WGI prepared a financial feasibility study for a 500-space parking structure associated with a proposed development at 300 East Main Street that will include a four-story Hilton Garden Inn Hotel, restaurants, and retail.
Scope of Services:
- Verify parking supply inventory around the proposed site
- Estimate the future supply within the influence area of the proposed development
- Conduct parking occupancy surveys of parking facilities
- Determine the types of tenants expected and the average and peak number of employees
- Determine projected parking accommodations
- Develop parking demand ratios for employees and visitors
- Estimate utilization of the proposed parking structure
- Develop preliminary parking structure financial pro forma