New Downtown parking garage opens Monday

Located at intersection of Eighth and Sycamore
New Downtown parking garage opens Monday
Posted at 9:21 AM, Jul 29, 2016
and last updated 2016-07-29 09:26:52-04

CINCINNATI – A new public parking garage is set to open on Aug. 1 Downtown, when the 500-space Eighth and Sycamore garage officially welcomes vehicular traffic.

The garage will be fully staffed and ready for business at midnight, 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 Eighth Street between Broadway and Sycamore, and from Seventh 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, seven days a week. Daily rates are comparable to rates at the other 3CDC garages in the Central Business District (Fountain Square North Garage and 84.51° Garage).

Daily rates at Eighth and 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 were funded by loans from the City of Cincinnati, the Cincinnati Equity Fund, Huntington Bank and First Financial Bank.