- Oct 17, 2007
A place (for your car) to call home: Luxury on Main
Here's a real estate you'll soon be seeing around the country: condo, secure building, sleeps up to four, good location, premium amenities, concierge, rooftop club, $325,000. But it's not a place for people -- it's for cars. That's right, car condos now feature among the next wave of luxury accouterments for the swelling ranks of plutocrats.
The sum of $325,000 might sound like a lot to spend on a garage for your car, but think of the options: renting a bare bones hangar at a distant airport, keeping the car under a tarp in a parking garage, or owning a house with enough land for a huge car stable. The latter is not always easy to do in a metropolis, even for the filthy rich. Besides, when each of the four cars you need stored could be worth $325k on its own, all of a sudden the price is not so bad.
LA's Luxury on Main, for instance, will feature 80 units, the standard size being 650 square feet, and it is expected to open some time late next year. Club Auto Sport in San Jose is expected to go live next spring, and Dream Garages out of Texas has started in Dallas and is looking to expand across the country. It's a good time to be a really expensive car.
Thanks for the tip, Stuntman Mike!
[Source: LA Times]