8th & Sycamore Garage Opening to Public Monday

500 New Parking Spaces to be Added to Cincinnati’s Central Business District

 CINCINNATI (July 29, 2016) – A new public parking garage is set to open downtown on Mon., Aug. 1, when the 500-space 8th & Sycamore garage officially welcomes vehicular traffic. In fact, the garage will be fully staffed and ready for business at midnight on Sunday, anticipating early Monday morning traffic. The City of Cincinnati and the Cincinnati Center City Development Corp. (3CDC) developed the seven-story, above-grade garage as part of a larger $52 million mixed-use development. 3CDC is also developing, and will retain ownership of, 8,000 square feet of street-level commercial space, which is currently available for lease.

Due to the ongoing buildout of the commercial space along with the construction of a 131-unit residential apartment tower above the garage, which is being developed by North American Properties, scaffolding and sidewalk protection will remain around portions of three sides of the building.

The garage can be accessed from 8th Street between Broadway and Sycamore, and from 7th Street between Sycamore and Broadway. Pedestrian entrances and exits are located in lobbies next to the vehicular access and egress.

The garage will be staffed 24 hours a day, 7 days a week, by SP+, which manages all 3CDC garages. Daily rates are comparable to, or slightly lower than, rates at the other 3CDC garages in the Central Business District (Fountain Square North Garage and 84.51° Garage). Daily rates at 8th & Sycamore are:

10-59 min. – $2
1 to 2 hours – $5
2 to 3 hours – $7
3 to 12 hours – $10
12 to 24 hours – $12
Weekdays after 4 p.m. and weekends – $5

Monthly parking passes are also available for $140 per month. Additional information, rates, and the request form for monthly parking passes can be found on the 3CDC website.

The garage and commercial space portion of the mixed-income project was funded by loans from the City of Cincinnati, the Cincinnati Equity Fund, Huntington Bank, and First Financial Bank.

# # #