As a developer, you’ll agree that parking is one of the most significant expenses to consider when designing a residential space. Besides requiring additional local government approvals, parking areas take up valuable space that could otherwise be used for added living units. The good news is that many cities are now introducing parking reduction policies tied to mobility solutions like car sharing. These policies have made car sharing a godsend not just for residents and tenants but also for designers who struggle to plan, allocate, and construct parking areas. With the incorporation of luxury EV car-sharing amenities like the ones we offer, you as a building developer can reduce costs, stay compliant with your city’s car parking reduction regulations, and keep tenants and guests happy.
The High Cost of Parking for Developers
Parking lots are just open spaces, right? Wrong. Beneath every parking space is a litany of costs that easily amount to thousands of dollars. In fact, the construction of a parking area can cost developers up to $35,000 per space. And as you can imagine, these costs go up the larger your spaces become.
Parking Reduction Policies: A Growing Trend
Local governments are becoming aware of the growing costs of parking spaces. Hence, many cities like San Francisco, Washington D.C., and Austin have enacted parking reduction policies to ease developer burden and maximize land use. The results have been nothing but positive. However, the need for parking and mobility still remains, which is why car-sharing policies like San Francisco’s Section 166 are now in place. San Francisco is just the beginning. All across the country, cities are promoting the incorporation of solutions that maximize land use without compromising tenant and guest mobility.
Private Car Sharing: The Ideal Solution for Developers
So, what do you do when you’ve got parking reduction policies to follow but want to satisfy your guest and tenants’ transportation needs? The solution is luxury EV car sharing. Luxury EV car sharing has many of the benefits of its open-to-public counterparts. However, luxury car-sharing for building developments shines in its security and privacy, thanks to exclusive, dedicated round-the-clock access. For any developer, luxury EV car sharing is the ideal amenity for tenants and guests who want sustainable transportation options without compromising on the comforts of a private vehicle.
Why Envoy Is the Developer’s Choice
Our turnkey solutions enable you to offer private and exclusive EV transportation to tenants and guests. Using our app; your tenants can easily reserve electric vehicles while you have peace of mind with fully insured vehicles, 24/7 customer support, routine maintenance, flexible pricing, and roadside assistance. With Envoy, you get clean, safe, and accessible transportation for everyone!
Envoy: A Parking Lot in an App
Car parking construction costs become a thing of the past when you offer mobility as an amenity. Are you ready to transform your development with private EV car sharing? Discover how Envoy can help you save on parking and elevate your property’s offerings. Visit EnvoyThere.com to learn more and nominate your property today.
