Fatal error: Allowed memory size of 268435456 bytes exhausted (tried to allocate 207 bytes

Hi,
Am hosting a web application which gets a very large amount of data every day.The mysql queries are  optimized to a maximum and also used containable feature through out the application.
Still i am getting a memory error when the user visits some pages.
Please tell me the fair amount of memory value range which i can given for a cakephp web application. Now i gave memory_limit in my php.ini as 290MB

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Thanks '&' Regards
 Sreenivas Soman

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