When I visualize a big city, one of the things I see is cars: cars on the road, cars in parking lots, cars on the sidewalk and cars underneath all new condo buildings.
I was in Washington, DC this week for the National Bike Summit. I was lucky enough to borrow a bike from my friend Jeff so was able to explore the city a bit throughout the week. While exploring the old Navy Yards, I rolled past this new condo development. That giant bike is at the main entrance to the building, not a side entrance for bikers. This building has ONLY bike parking, no car parking.
Some real estate developers will think this is crazy, but given how many young adults are foregoing getting a driver’s license, perhaps it is genius. Underground parking can cost $25,000 – $40,000 per stall.