The 10-story parking garage with 551,000 square feet of space will have more than 2,000 spaces for the new $100-million Creighton University medical school, apartments, restaurants, office tenants and another hotel. Construction is scheduled to start on a Hilton Home2 Suites/Tru with 207 at Park Central later this year.
Park Central, built in 1957 at Central and Earll avenues, has been surrounded by asphalt parking lots. Sometimes the lots are more than half empty, since the former mall’s big retail tenants such as Dilliard’s moved out more than 20 years ago. The former mall languished as the rest of the area drew new residents, developments and retail and office tenants.
Then a few years ago, Plaza Cos. and Holualoa Cos., which redeveloped the rundown south Scottsdale mall Los Arcos into the Skysong ASU Innovation project, struck a deal to buy Park Central and begin its renovation. The city supported the developers move to revitalize the aging mall, but asked for more parking for Park Central.
The city and developers formed a Community Facilities District to fund the parking garage at 150 W. Catalina Drive. Phoenix-based Kitchell is building the garage with 12,000 cubic yards of precast concrete that was recently topped off.