The overview
The five-story parking garage is on 0.902 acres and includes 430 parking spaces, Roanoke Development Services Administrator JR Hames said.
“It’s a beautiful structure,” Mayor Scooter Gierisch said. “You’re always concerned when you think of a parking garage, but this thing is something really good. We’re excited about it.”
The cost for the garage is $22 million and will be paid for with a certificate of obligations bond, which city officials approved the issuance of on Oct. 14.
The construction is anticipated to start in 2026 and is expected to take 18 months, city officials said.
The background
The garage is being built to address a parking issue based on a traffic study that was completed for Oak Street in 2019, Community Impact previously reported. According to the study, Oak Street would be 486 parking spots short once all developments are completed, said Jamie Snyder, senior parking consultant at Walter P. Moore.
Gallagher Construction Company was named as the construction manager for the project at the Jan. 28 council meeting. The architect for the project is GFF Architects, per city documents.
