Work Starts on Parking Garage at Cortex
Date Posted: August 14, 2018
Posted In: Projects,
From St. Louis Business Journal: Construction has begun on a new 677-car garage at Cortex.
The city of St. Louis recently issued a $12 million permit to HOK for construction at 313 S. Sarah St., near Duncan Avenue, in Midtown, filings show.
Cortex President and CEO Dennis Lower told the Business Journal that the phase one garage will cost about $14.7 million once complete and will consist of five levels, including a ground level.
Cortex is the developer on the project, which is slated to be complete in May 2019. The city’s Industrial Development Authority last year approved up to $25 million in tax increment financing, or TIF, revenue bonds for the parking garage. The bonds were to come from a previously approved $167.7 million TIF from 2012, according to a report at the time.