About Motor Mart Garage
Nine-story, 420,000 square foot Art Deco-style parking garage completed in 1927. The Motor Mart Garage stands on a 1.2-acre parcel and features a total of 1,037 parking spaces in addition to 50,000 square feet of ground-floor retail space. CIM Group, who acquired the Motor Mart Garage for $162.5 million in October 2016.
New project plans released in September 2018 call for the redevelopment of the existing building and the construction of a 20-story residential tower rising out of the garage. The western portion of the existing parking garage will be converted into approximately 84 new residential units. The new residential tower will rise out of the eighth floor of the existing building and contain around 306 apartment and condominium units. Unit sizes will range from studios to three-bedrooms. Resident amenities are set to include a fitness center, a small exterior pool, and a vegetated roof on the ninth floor.
Currently, the garage holds 1037 spaces, 672 of which will be retained in the new project. Around 144 of the spaces will be for residential use and the remaining approximately 528 spaces for primarily public use. The redevelopment will also retain around 46,000 square feet of commercial space on the ground and basement floors which will be renovated as part of the project.