7107 EVERGREEN WAY 2016-01-01 MF Import

AGE 1NVESTMENTS COMMERCIAL SITE PARKING STUDY The site is located on the east side of Evergreen Way approximately one quarter mile south of its intersection wit�. Madison Street� directly north of the Village Square retail development.� A second, smaller portion of the project lies directly east of the Village Square development and is proposed to be entirely parking lot. The north parcel is bounded on the west by Evergreen Way and on the east by Rainier Drive. The east p�rcel of the project lies at the aoutherly terminus of Rainier Drive and also receives traffic passing through the Village Square development to the west. PARKING Table 1 indicates the amount of square footage proposed in the development to be devoted to office space and retail space. Also shown is the basis for and number of parking spaces required for each use based on the E:erett Zoning Code and the Institute of Transportation Engineers Parking Generation Manual.l Based on the Everett Zoning Code, a total of 90 parking spaces will be required for the 36,000 square £eet of proposed office space. The ITE Manual indicates a total oi 94 parking spaces would be required. �i�ewise, the 60,000 square feet of pr000sed retail space would require 300 parking spaces under che Everett 2oning Code. However, tY.e ITE manual indicates a wide variation in the number of parking spaces required depending on the particular time of year and day of the week. The parking demand peaks at a high of 299 spaces on a holiday season Saturday. The 40,00 square feet of retail space in Village 1"Instit��te of Transportation Engineers", Parkinq Genaration Report, 1985, Sections 700-Office and S00-Retail. - 1 -