The city is considering a permit application for VyStar Credit Union to construct a proposed parking garage at 28 W. Forsyth St. Downtown at a cost of $ 21 million.
The seven-storey, 807-space structure is planned for 1.04 acres behind Regions Bank. It includes shell tenant spaces.
Danis Builders LLC is listed as the contractor. Dasher Hurst Architects is the architect.
Atlantic Engineering Services is the structural engineer and Almond Engineering is the civil engineer.
A spokesperson for a credit union previously said that 250 parking spaces will be leased to the city.
VyStar President and CEO Brian Wolfburg said in March that the downtown-based credit union will innovate within the next six to 12 weeks on the garage.
VyStar increased the retail space on the ground floor in the garage design to 19,516 square feet after taking over the project in September 2019 from Laura Street Trio developer SouthEast Development Group LLC.
Wolfburg said in March that five to six tenants were interested in the garage retail space facing Laura and Main streets.
Coffee vendors, breweries and a doggy day care center have contacted VyStar but no contracts have been signed, he said.
“We have over a year on this build. So once we get the shovel in the ground I think we’ll turn our in-house facilities team to that, ”Wolfburg said.
VyStar agreed to build the garage after developers at Laura Street Trio missed their construction start deadline under a city redevelopment deal.
The garage will support the 1,000 employees that VyStar relocates to the campus from its downtown headquarters.
The credit union purchased the 23-story VyStar Tower at 76 S. Laura Street in July 2018 for $ 59 million. It has acquired an adjacent parking garage and is renovating a neighboring seven-story building at 100 W. Bay St.
City Council has approved an agreement to sell 0.77 acre municipal land to VyStar for the parking garage. VyStar has contracted with Regions Bank to purchase 0.26 acre parking at 54 W. Forsyth St. for the parking garage design expansion.
Editor-in-Chief Mike Mendenhall contributed to this report.
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