Freight elevator is going to cost $200M at $2.2M per foot

Posted October 04, 2018 05:03:56 A freight elevator for a building that’s being built in a parking lot at the corner of Westfield and Grand Avenue is going for $200 million to $300 million at a time, but that’s just a guess.

The building, which is being constructed on a site next to a Walmart, will be used for a new hotel and office complex and is part of a $200-million project that will include the construction of a parking garage and other buildings.

The project will also include the removal of more than 10,000 parking spaces and a new garage entrance at the site.

Work will begin in mid-2019 and wrap up in early 2020, with construction to begin in 2021 and finish in 2022.