Within our Infrastructure Strategy, one of the key sectors we emphasize is Metropolitan Transportation. This includes the ownership of off- and on-street single asset parking facilities and last-minute transportation solutions to support the needs of community downtowns and central business districts.
We may create value with Metropolitan Transportation opportunities through any of the following methods:
Converting and/or partially re-purposing assets
Upgrading and improving assets
Our Metropolitan Transportation projects provide safe and efficient parking options in downtown areas and central business districts.
Potential Metropolitan Transportation types:
Downtown parking garages
Vehicle charging and service areas
Vehicle storage and transportation nodes
“Last-mile” transportation solutions from transportation hubs to homes
Pine Street Garage | Seattle, Washington
Pine Street Garage is an 844-stall parking garage located in the heart of downtown Seattle. With approximately 20,300 square feet, this multi-level parking structure provides easy access to hotels, shops and restaurants throughout the downtown area.
The garage is located within a 0.6-mile radius of popular tourist destinations including Pike Place Market, the Washington State Convention Center, numerous residential and office buildings, premier retail and restaurants, and Seattle’s five largest hotels.
CIM acquired this asset in February 2018, noting its prime location and the opportunity to connect locals and visitors to the surrounding area.
Through Pine Street Garage, we are making a positive impact in the community by providing clean and efficient parking services for a multitude of office workers, neighboring hotels, tourists and shoppers who visit the area every day.