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FEDERAL REALTY INVESTMENT TRUST <br />Parking Is Power <br />At Bethesda Row in the Maryland suburbs of <br />Washington, D.C., designers placed parking <br />behind and to the side of buildings. This <br />fosters a pedestrian -friendly environment <br />and allows stores to utilize most of the <br />road frontage. <br />A mix of parking accommodates different <br />users. Short-term customers can park on the <br />street, while shoppers planning a longer stay <br />can park in the garage. <br />asy accessibility, high visibility, a sense of personal security, and adequate, <br />convenient parking are all preconditions for successful retailing, and with- <br />out them retail Likely will fail, regardless of the sophistication of the shopping <br />environment or the quality of the tenants. <br />Parking is arguably the most important of these <br />requirements because today's consumers, condi- <br />tioned by their suburban shopping center experi- <br />ences, expect nothing less than a guaranteed <br />space dose to their shopping destination every <br />time they shop. Neighborhood streets that repli- <br />cate the convenience and abundance of suburban <br />parking —albeit in quite different configurations — <br />will have solved one of the great dilemmas that <br />urban shopping locations face. These are the chal- <br />lenges: How can communities squeeze enough <br />convenient parking into a pedestrian environment where it is not desirable to <br />have large parking Lots facing the street in front of the stores? How can commu- <br />nities configure parking in ways that are clearly organized so that shoppers can <br />find spaces in multiple locations from block to block? <br />Size the street's parking requirements realistically. Recognize that parking <br />needs will usually be less along neighborhood shopping streets than in suburban <br />shopping centers because some urban shoppers will arrive on foot or by transit, <br />shuttle, or bicycle. <br />Recognize that parking needs often change over time. If a neighborhood gets <br />improved transit service, parking needs may decline. Conversely, the introduction <br />of additional anchors, changes in tenant types, or a denser <br />concentration of retailers as the street's popularity grows <br />can increase the number of parking spaces needed. <br />Provide spaces in a dear, evenly distributed supply of <br />parking that includes on -street and off-street options. <br />Encourage store employees to park away from store <br />entrances. <br />On -street parking is critical for some retailers' success <br />because it is the most convenient type of parking and cre- <br />ates the steady turnover of shoppers needed by stop -and -go <br />retailers like coffee shops, dry cleaners, and specialty food <br />stores. <br />1"' <br />