FIRM Realty recently announced that City Parking, one of the fastest-growing privately held parking management firms in the United States, has leased two surface parking lots in the heart of Downtown Hollywood.
The lots, located behind the previous SunTrust Bank location at 2001 Hollywood Boulevard and 121 North 21st Avenue, will provide additional public parking options to patrons and employees in the historic downtown arts, music and entertainment district, and feature multi-space pay stations and pay-by-phone mobile applications.
City Parking provides parking solutions for private property owners and municipalities and increases the availability of public parking in urban areas. They manage more than $1 billion in parking assets comprised of over 100 parking facilities totaling 20,000 parking spaces, and their client list includes Related Group, Black Rock, Thor Equities, and Florida East Coast Realty.
City Parking is excited to bring their professional experience and technologies to Downtown Hollywood residents and visitors.
The two parking lots contain 142 parking spaces. Initial rates will start at $2 per hour for transient, or short-term visitors to the downtown area, and a $6 flat rate for 12 hours for employees of local businesses and visitors who wish to stay for an extended period of time. The additional open-to-the-public parking will complement the existing public parking that is currently offered by the City of Hollywood that consists of on-street metered parking for $1.50 per hour, as well as municipal garage parking for $1 per hour. Municipal garage locations are 251 S. 20th Avenue (between Harrison Street and Van Buren Street) and 251 N. 19th Avenue (between Tyler Street and Polk Street).