carÂ·pel. The part of a pistil of a flowering plant that encloses an ovary. A pistil may consist of a single carpel or of several carpels joined together. A carpel is a modified leaf.
The average cost in the Mid-Atlantic Market for a 50,000 square foot (5,555 square yards) parking lot ranges in price from $1.25 - $1.50 per square foot for a 1 &frac12;â â 2â compacted overlay. The factors listed below will also dictate the installation price. The cost of paving fabric typically ranges from $0.14-$0.22 per square foot or $1.26 - $1.98 per square yard. 2  LEVELING COURSE OR DRAINAGE CORRECTION: If the asphalt parking lot currently has extensive puddling or large areas of standing water from improper grade, you will want to correct these prior to paving.
Those are averages, of course. A $200,000 parking space is about $1,333 per square foot. If parking at the Onyx Chelsea, a new 52-unit condo at 28th Street and Eighth Avenue, is any indication, there is plenty of demand. The first two spots sold for $165,000, the third for $175,000 and the last two for $195,000.