Sure, removing parking essentially requires the neighborhood to become more self-sustaining. This works in really dense cities like New York and San Francisco but it requires enough desirability to fill the housing with people who have enough disposable income to replace the far bigger "catchment area" that the parking used to serve.

Which in turn affects the kind of economies that the new development can support. A car dealership? Needs parking and a large catchment area. Burrito shop? Probably not getting much destination traffic and can support itself on locals.