$2 million to upgrade Plaza garage adds to HOA bottom line
Though all interior construction was completed in early 2011, significant improvements will be made to the main indoor garage this year, as a final phase of the construction project. This represents a major capital improvement to the property, at the Developer’s expense. Through the end of the 2012, crews will be working to replace the surface membrane on the garage structure, along with adding insulation, concrete and drain enhancements. This work comes with a twenty-year warranty to the HOA, along with a significant, positive impact on projected reserve spending needs.
During this time, the main entrance (from 31st Street) will be intermittently closed during construction hours. All homeowners and guests will use the entrance on Pennsylvania Street and ample guest parking will be available on the surface lot situated to the East of the building.