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Local Firm to Develop 107,000-SF Parking/Retail Project

NEW YORK CITY-A city-owned parcel in Washington Heights will be redeveloped by E.T. Management & Realty as a five-story parking structure with 11,000 sf of ground-floor retail space. Price tag is $11.5 million.

By Glen Thompson | Updated on November 21, 2002

NEW YORK CITY-The city has chosen E.T. Management & Realty to develop the Washington Heights Parking Garage, a 107,500-sf multi-level structure with ground-floor retail located in Upper Manhattan. Construction of the $11.5-million project will begin in fall 2003.

“The site is strategically located near the 181st Street commercial corridor, the George Washington Bridge Port Authority Station and the Columbia Presbyterian Medical Center, making it ideal for development as a parking facility with retail space,” says New York City Economic Development Corp. president Andrew Alper.

Situated on the east side of Broadway between 184th and 185th streets, the city-owned land currently is occupied by a one-story, 2,000-sf garage and a vacant three-story apartment building, both of which will be razed. The new development will comprise a 96,000-sf, five-story garage with parking for 300 space. In addition, the structure will include 11,000 sf of ground-floor retail space. Locally based Ultra Car Park is expected to operate the garage.

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