Car Collectors Now Using Condos

An article entitled Car Enthusiasts Turning to Condos was published by The Washington Post a few years ago and is a great example of the new trend in storage. Car collectors and collectors of all kinds, have now started turning to an alternative in storage with luxury suites or condos.

In crowded urban areas the idea of buying a parking spot isn’t new.  According to a garage manager at the Brimmer Street Garage in Boston’s Beacon Hill neighborhood, a 180-square-foot space just sold for $200,000.

Parking spaces can be exposed to weather and the elements and careless other cars who may ding or scratch your vehicle. That’s why some enthusiasts are turning to car condos where their collection will be stored in individual, weatherproof, garages that are air conditioned with 24-hour security.

“It’s just peace of mind for my collection,” said deMartino, 47, who plans to store a 1930 Ford Model A coupe, a 1961 Corvette convertible, a 1970 Mercedes-Benz 280SL and three special edition motorcycles in his condo.

Developer Kevin Buckley is opening his Park Place Car Condos in North Miami, and Fort Lauderdale with plans to open more locations in Las Vegas, Orlando, FL, New York and Scottsdale, AZ with in the next few years.

Buckley said so far, typical buyers have been men in their late 40s to early 60s. These men have typically earned enough to buy the car they have been dreaming of since high school. Others have plans to use their condos for boats and Jet Skis, he said.

“It’s part car culture and then a lot of people who are just interested in safe, secure storage,” he said.

Not only are these suites a place to store your items but also a piece of real estate that is very minimal compared to an upgrade to a home. With endless possibilities customize your own suite to fit your needs and store your classic and exotic car collection, RV, boats, jet skis, motorcycles and more.

Read the full article HERE.