Renderings for the new University Park Library at Preston Center

The city of University Park and owners of the Plaza at Preston Center are planning to move the University Park Library to the Plaza and are close to finalizing a letter of agreement, according to a release today. Right now, the library is at Hillcrest and Daniel in the space donated by Chase Bank . They have been in talks about moving the facility since April. When the agreement is finalized, it will go to the library board to review and then on to City Council.

If approved, UP would sell certain streets and alley-ways in the Plaza in exchange for a second-floor library space of at least 15,000 square feet owned by the city. The new, commercial building would retain the same look of most shops and restaurants below, adding 380-400 more parking spaces.

An expected move-in date has not yet been confirmed.