A three-story, 336-space addition is set to be built atop the City Center Garage as downtown continues to experience a parking shortage.
The expansion at Park and Harvey, estimated at more than $5 million, is being built by an ownership group that also controls Leadership Square, Oklahoma, Corporate and City Place Towers.
Mark Beffort, leading partner of City Center East Garage LLC., said City Place is 75 percent leased, while the other three towers are 96 percent full. Recent surveys have indicated the downtown parking system, meanwhile, is at 110 percent of capacity.
“I think it will be critical for our demand, and hopefully it will release some demand for the existing garages,” Beffort said. “We have our existing tenants in this garage, and the waiting list is over 100 people.”
Expansion isn't cheap. The City Center East and West Garages were built by the city a decade ago, and while the City Center West Garage was designed for expansion, the east garage was not.
The west garage was later sold to Devon Energy and doubled in size. The east garage was sold to Beffort's group.
The city is building an 830-space garage south of City Hall, while Rick Dowell is building a 440-space garage expansion at Hudson and NW 5. Developer Don Karchmer also is attempting to build a garage to serve the east end of the Central Business District at Main Street and the BNSF Railway Viaduct in Bricktown.
If the City Center East Garage expansion is approved in November by the Downtown Design Review Committee, construction is set to begin in January. Beffort expects those parking on the garage's fifth floor to be displaced for about one month, with completion set for July.