Paceville high-rise plan will require 15,000 new parking spaces

The nine sites earmarked for a massive increase in development in the Paceville master plan will need 15,251 parking spaces, with the greatest demand created by office development such as that proposed for St George’s Park: 4,200 additional parking spaces, 2,563 of which would be for offices. This information was included in an appendix to the Paceville master plan which gives a breakdown of the different kinds of development earmarked for each site and details on the developable footprint of each site.

Of the nine sites earmarked for development in Paceville, the Institute for Tourism Studies at St George’s Bay will see the sharpest growth in its floor area, increasing by 2,390% – from just 5,702 square metres today to 142,000 square metres when developed as a high-rise, with maximum heights reaching 30 floors. The Villa Rosa site will register the second greatest increase in floor area (the area occupied by each floor) from the present 13,005 square metres to 111,000 square metres – which translates into a 754% increase. Portomaso is to remain the largest of the nine sites through the addition of 72,080 square metres of mostly hotel development on reclaimed land.

But the Corinthia site will see the largest increase in residential development while the St George’s Park site will see a substantial increase in office space. Most of the new development proposed on reclaimed land at Portomaso will consist of hotel development, which is set to occupy an additional floor space 67,456 square metres. Development on reclaimed land can rise up to 15 floors. Portomaso’s existing 117,679 square metres of residential development will increase by only 4,113 square metres. Office space will only increase by 427 square metres from the current 12,203 square metres.

At 234,000 square metres, Portomaso will remain the largest development site in Paceville, through the addition of an additional 72,080 square metres. It will also see an extra 650 hotel guests (24% of the projected additional number of tourists in all Paceville) but only 62 new residents and 18 new employees. Portomaso will only need an extra 478 parking spaces. 33% of all new development proposed in the Corinthia site, where development can rise to a maximum of 22 floors, will be residential.

The site, which presently consists only of hotels, has been allocated an additional 86,000 square metres earmarked for residential development together with 23,650 of office space. The Corinthia site’s floorspace will see an increase of 213% from a floor space of 68,649 square metres to 215,000 square metres.

The Corinthia site is projected to attract 1,304 new residents – which represents 28% of the total number of projected new residents in Paceville. The greatest increase in developable floorspace will take place in the ITS site, which will grow from 5,702 square metres to a staggering 142,000 square metres – an increase of 2,390%. On this site, where a maximum height of 30 floors has been imposed, the breakdown of allowed development includes 42,600 square metres of residential space, 63,900 of hotel space, 21,300 of office space and 8,498 of commercial space.

The ITS site will have 646 new residents, 616 new hotel guests and 1,575 new employees. The Villa Rosa site which now includes three towers on the Cresta Quay coastal area, one of which rises to 30 storeys, will see an additional floor space of 44,376 square metres of residential development, 41,625 of hotel development and 5,550 square metres of office development. In this way Villa Rosa will grow from its current floor space of 13,005 to 111,000 square metres – a staggering increase of 753%.The Villa Rosa development will require 1,498 parking spaces.

The St George’s Park site will see a decrease in the area allocated for hotel development (-47,373 square metres) and an increase in office space (+120,008 square metres) and residential development (+46,329 square metres). The site’s developable floor space will nearly double in size from the current 127,949 square metres to 233,000, thus becoming the second largest site after Portomaso.

The Westin Dragonara will treble in size through the addition of 6,200 square metres of residential and 67,086 square metres of hotel development.

Mercury house which will host Paceville’s highest skyscraper (34 floors) seeing an extra 44,370 square metres of office space and 26,100 of residential development and would see its total floor space area increase from just 11,081 square metres to 87,000, an increase of 685%. The development will require 2,442 parking spaces.