Sector:	Governmental :
Services:	Parking Studies :

Coconut Grove Post Office Parking Study - Miami, Florida

For the Miami Parking Authority, TimHaahs performed a parking demand and preliminary financial analysis for a proposed parking structure located in the Coconut Grove development in Miami, FL. Adjacent to Miami’s Biscayne Bay, Coconut Grove is one of the City’s oldest and most popular shopping and dining destinations for both tourists and residents alike.



For the study, TimHaahs performed field observations and data collection to provide a preliminary assessment of the market area. TimHaahs reviewed detailed information for the proposed garage on the Post Office site, estimated the overall parking needs for the facility, and determined the future parking demand growth over the next five years. TimHaahs also created a pro forma operating statement for the proposed structure.

As a result of TimHaahs’ analysis, two options for the proposed parking garage were suggested. TimHaahs provided cost estimates, as well as suggestions for the most feasible and financially viable option. TimHaahs concluded that unless the project were to receive additional funding, the proposed parking structure would be a financial burden to the Parking Authority.