Construction on a three-story underground parking garage at the CentrePointe site in downtown Lexington is continuing, the developer of the long-stalled development said Monday.
Crews who were working on the proposed 700-space underground parking garage exited the site late Friday with their equipment.
Dudley Webb, of the Webb Companies, said those subcontractors were finished. A second group of subcontractors will arrive soon and work on the vertical construction of the garage, Webb said.
“There is no cause for alarm,” Webb said. “We are just waiting for a second group of subcontractors to come in who will do the vertical construction on the garage.”
Webb said the subcontractors who left Friday were working on the exterior walls of the garage. The new subcontractor will be working on all sections of the garage except the finishing.
Webb, who was on the site Monday with consultants, said he expects the garage to take an additional seven months to complete.
The development that includes an entire city block is supposed to include a hotel, office tower, apartment building and restaurant and retail space. The block of buildings was razed in 2008 to make room for the development that has not yet materialized.
A new group of investors announced last year they were interested in taking over the project. Those investors backed out, however, earlier this year. The Webb Cos. resumed control of the site and the project. The Webbs have said they will use private financing to build the $38 million garage.