October 6, 2016

Can this Oakland company revolutionize parking in the Bay Area?

Via SF Business Times – Roland Li, Reporter

Oakland-based CityLift wants to make parking more compact and automated, cutting costs for real estate developers.

This week, construction will start on the company’s first automated parking tower in the Bay Area at Signature Development Group’s Hive project in Uptown Oakland. Visitors will be able to drive their cars into a sliding platform that lifts cars into the seven-level parking tower.

CityLift touts a smaller footprint and cheaper costs for its systems compared to traditional parking structures. If new projects use the systems, that could leave more space and money for additional housing and commercial uses.

“Developers will have to solve the need for parking. We believe we can do that with less space and less cost,” said Scott Gable, CEO of CityLift.

The Hive parking tower, at 24th Street between Broadway and Valley Street, will have 39 parking spots in a 1,500-square-foot space, or under 40 square feet per car. Conventional parking structures, which require pathways for cars to be driven to spaces, require about 350 to 400 square feet per car, Gable said.

Conventional parking structures cost $50,000 to $60,000 per space, while CityLift projects 20 to 30 percent lower costs. Jayhawk Construction is the general contractor and Flynn Architecture designed the all-steel structure, which is slated to open next spring.

CityLift has already installed systems in 13 countries and is now ramping up its activity in the Bay Area, with other semi-automated systems in San Francisco, Emeryville and Berkeley, and also at Signature Development’s Broadway Grand project. It’s also working in New York, Los Angeles, Miami and Boston.

“We’re looking to put CityLift in just about all of our projects now,” said Mike Ghielmetti, president of Signature Development. “The space and the economics are so compelling.” (CityLift is also an office tenant at the Hive and Ghielmetti is an investor in CityLift.)

Next Post