This in a city where a 200-square-foot micro aparatment can cost a half-mil.
Fernando Palazeulo is restoring the 40-acre Packard Plant complex in Detroit, starting with the pedestrian bridge over East Grand Boulevard: he's had it draped in a covering that makes the bridge look like it did in 1930.
We don't typically report on real estate here at Autoblog, but what we have here is no ordinary building or plot of land. This Chicago-area house was immortalized in the 1986 classic Ferris Bueller's Day Off as the childhood home of Cameron Frye, Bueller's best friend, but more importantly, as home to the (fortunately replicated) Ferrari 250 GT California Spyder that played, as much as Matthew Broderick himself, a starring role in the film.
We can't fathom why somebody didn't swoop up this famous house in Highland Park, Illinois, when it was first offered for sale in 2009, and again in 2011 – especially considering its role in the hit 1986 film Ferris Bueller's Day Off. But if shoppers were holding off due to the price, it's time for them to take another look: since 2009, the home on 370 Beech St. has dropped from $2.3 million to $1.65 million, and now, to $1.5 million.
Two months ago, Tesla hired Chris Porritt to be the vice president of its vehicle engineering program. Tesla's purchase last week of a 35-acre parcel abutting its factory in Fremont, California will give Porritt, formerly the boss of Aston Martin's Vehicle Engineering team (he's the father of the One-77 supercar), at least a portion of a test track where he can challenge and hone the EVs of the future.
Michigan entrepreneur Brad Oleshansky, working with private partners and the RACER Trust, is planning to purchase the 80-acre parcel in Pontiac, MI that once housed four General Motors factories. Instead of the vacant lot there now, Oleshansky plans to build the M1 Concourse car country club that would have 338 car condominiums, a clubhouse, restaurant, events center and amphitheater and a one-mile test track. The RACER Trust was set up at the time of GM's bankruptcy to help redevelop abandoned
That's right a parking spot for $1 million! Well, that's not quite fair. It's a one-space, 12x23 foot parking garage with 15-foot ceilings that would allow the space to be "duplexed" to allow storage of two cars. The garage comes with its own deed and the owner will still pay monthly maintenance fees.
Didn't get your deposit down in time to secure a condo in Porsche Design Tower? Not to worry, because just across town – that town being Miami – Pininfarina has been contracted to design another building.
Rising gas prices have an affect over many aspects of our lives. Besides increasing the cost of operating automobiles, more expensive fuel leads to an increase in the cost of shipped goods, food and airline tickets. Can gas prices also create changing attitudes amongst home shoppers?
One needn't be an Autoblog regular to be aware of the fact that the car industry has taken quite a drubbing over the past few years. The slump in our nation's economy has slaughtered sales, leading automakers to shutter thousands of dealerships nationwide. Chrysler Group LLC slashed 789 franchises in June of this year. General Motors has said it will cut 2,400 retail locations of its own by next fall.
Having just returned from the well-heeled shores of Miami for last week's Kia Soul drive, we know that exotic machinery stacks up on the city's streets like so much cordwood. In fact, we saw upwards of ten newer Ferraris in the course of an afternoon's drive (not to mention untold Bentley Continentals and Porsche 911s) – but we didn't see a single Lamborghini during our entire stay. Not even a Jalpa.