Midtown Park Garage Poised to Open and Provide Immediate Benefits for Community Residents, Businesses, and Visitors

(Midtown, Houston) – With anticipation building over the completion of Midtown Park, a dynamic sixacre
tract that will set a new standard for urban green spaces, a vital component of the project will
open soon. The Midtown Park parking garage is scheduled to come online in the fall, months in
advance of the opening of Midtown Park itself (slated for January 2017), and will offer an immediate
benefit to Midtown residents, businesses, and visitors.

The Midtown Park garage, located at 2811 Travis Street, is a 400-space, single-level underground
garage that will cover an expanse of approximately four acres, of which approximately three acres will
rest under the Camden multi-family development. The garage will be available to the public and will
serve area businesses and transit riders as well as incentivize additional development along Main

The project has hit a number of construction milestones in recent weeks, with enough exterior work
completed to allow contractors to begin interior finishing such as parking space striping, electrical
infrastructure, and lighting. Due to ongoing construction at the site, the parking garage will offer only
partial usage during the initial opening. Full usage of the garage will coincide with the opening of
Midtown Park.

In advance of the Midtown Park project, the Midtown Redevelopment Authority conducted a parking
study and determined that the three-block perimeter around Midtown Park is underserved by nearly
1,200 spaces. By significantly slicing into that deficit, the Midtown Park garage should spur additional
community development.

“We considered all of this information in the planning of the garage,” says Marlon Marshall, manager
of capital projects for the Midtown Redevelopment Authority. “Although we weren’t able to provide all
1,200 spaces, the Midtown Park garage will help address the current parking demand deficit and
support future commercial development in Midtown.

“It’s often a challenge for developers to meet the parking stencil requirements on their projects, so
now we will have the ability to offer a developer the incentive of use of the public garage to help their
project move forward.”

MIDCorp is currently in the process of selecting a company to manage and operate the Midtown Park
garage. The selection is scheduled to be finalized in the coming weeks.

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