Five Star general partner Paul Chacon says the 600-car garage, which won approval recently from San Diego's Centre City Development Corp. will be the first of several parking facilities Five Star expects to building throughout the city over the next several years.
Downtown has grown into a 24-hour city in recent years, Chacon notes, boosting demand for parking among shoppers, diners, workers, tourists and others. He says the ground floor retail at the structure will be designed to accommodate an upscale restaurant with outdoor patio seating.
The new facility will be designed by Tucker Sadler Noble Castro, in conjunction with International Parking Design, with Nielsen Dillingham Builders as general contractor. Construction is scheduled to begin in October, with completion slated for July 2003.
Five Star is San Diego County's second largest parking operator with 57 locations, 28,000 spaces, 600 employees and more than $10 million in annual revenues. It also operates the Las Americas Shopping Center outlet mall and Park Shuttle & Fly, an off-airport parking lot.
Nationally, the company generates $220 million in annual revenues and employs more than 2,000 workers.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.