Posted Jun 11, 2021, 4:05 PM
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Registered User
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Join Date: Jan 2010
Location: Hamilton
Posts: 12,896
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above ground costs about 1/2 to build, as a general rule, than below grade. It can be much more for underground if you have water issues.
Looking at how cheaply they built this garage, it was likely a fraction of the cost. It's all precast assembly which brings costs down even more.
Guelph recently built a 350 space parking garage for $20 million, or about $50k a spot. Underground runs about $80-150k depending on various factors.
It wouldn't surprise me if Vrancor got this garage built in the $40k/spot range, while Liuna is likely paying $100k+ for the parking garage for their project beside Gore Park.
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