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SAN FRANCISCO—With the unprecedented spike in transit projects taking place in the Bay Area, developers have shifted to maximizing parking structure space to provide attractive and functional facilities without monopolizing or expanding the footprint. McCarthy Building Companies has been involved in building these structures on retail sites in the region for Westfield Corporation, Irvine Company and BART. In the first of a two-part exclusive, Rodney Riddle, vice president of parking structures at McCarthy Building Companies, discussed some of the hot trends, innovative cost savings and design-build concepts of parking structures.
GlobeSt.com: What are the hot Northern California markets for parking structure construction and what is the current and future state of development?
Riddle: Northern California is currently experiencing a surge of development in multiple sectors, which is driving the need for an increase of parking structure construction. Right now, transit development is a major factor driving the need for more parking, especially with the BART extension plans underway in the South Bay. We're also seeing a lot of office and medical development coming back as a result of the growth.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
