The new project to do just that is called the Gables Auto Vault and it will be located at 3851 Bird Road. It's currently a vacant lot but is blocks away from a few high-end luxury car dealerships, including the Collection. It's a collaboration between CFH Group and developer Sheldon
The five-story building will feature ground-floor retail, but the rest will be dedicated to car condos. According to the Real Deal, the individual condos are priced between $500,000 and $2,000,000. Each unit can fit between six to 20 cars. Oh, and it's already 50 percent sold out to local buyers.Gables Auto Vault: a car condo for your luxury car. $500K to $2 mill. via @trdmiami https://t.co/DtgKU8pMzE pic.twitter.com/GWaeeTuZap
— SFDB (@sfdb) March 2, 2016
The location was also approved to have "several" car washes, according to the South Florida Business Journal.
"We knew there was a demand for secure [luxury] car storage,” Nathan Vedrani, director of acquisitions for CFH, told the Real Deal.
These won't just be glorified parking spots either. There will be air conditioning, full-time security, and interior design with luxury finishings within each unit. We're not talking concrete boxes here, but rather a comfortable place for one to sit and look lovingly at the millions of dollars worth of automobiles they've collected.